All the headlines from our Business Interruption Topic Page, ordered by recency.
Jul 6 2015 // Nearly 10 years ago, wind and storm surges as a result of Hurricane Katrina caused $41 billion in insured losses and $108 billion in total economic losses. Many of the lawsuits filed as a result of the fifth hurricane of...
Jul 6 2015 // Predicting the impact of a catastrophic event on an organization’s future income or profit is an exhaustive risk management exercise when done correctly.Typically chief financial officers, risk managers and...
Jun 30 2015 // Businessowners Policies, traditionally referred to simply as “BOPs,” were introduced in 1976 and significantly revised in 1987. The BOP evolved gradually from the 1987 revisions to include risk classification...
Jun 8 2015 // Insurance broker Beecher Carlson has launched a cloud-based application service called CyberSelect BI Vision to help educate policyholders on their exposure to business interruption losses from cyber risk.The app is a...
Jun 3 2015 // The high costs related to business interruption should provide an impetus for companies to prep for them in advance, according to industry experts.During a recent webinar hosted by global broker Marsh, insurance experts...
May 18 2015 // Some 140 vehicle fires, more than a dozen structural fires and nearly 200 arrests were reported in the wake of Baltimore riots that shook the city in late April. And more than 200 businesses were damaged during the riots,...
May 6 2015 // Some 140 vehicle fires, more than a dozen structural fires and nearly 200 arrests were reported in wake of the Baltimore riots that shook the city last week. And more than 200 businesses were damaged during the riots,...
May 6 2015 // IronHealth, the specialty healthcare unit of Ironshore Inc., has introduced an endorsement on excess policies for its emerging infectious disease business interruption coverage. The drop-down coverage option will reimburse...
Apr 20 2015 // Our industry loves acronyms and buzzwords. Allacronyms.com publishes a list of 1,086 insurance industry acronyms. Iwebhound.com has an acronym list that is even larger. You can tell when insurance people are talking to...
Jan 15 2015 // Business interruption (BI) and supply chain, natural catastrophes and fire/explosion are the major risks that occupy the attention of companies at the start of 2015, according to the fourth annual “Allianz Risk...
Nov 26 2014 // The Missouri Department of Insurance is urging business owners in Ferguson, Mo., to check for coverage under their commercial insurance policies if they have suffered damage in the recent civil unrest.Many businesses in...
Oct 24 2014 // 1. Ebola ‘Tipping Point’ Could Come By Late January, Reports RMSUntil the number of new daily cases declines rather than increases, the severity of the outbreak will continue to multiply. RMS said it does not...
Oct 24 2014 // As fears of an Ebola pandemic spread, many U.S. businesses are wondering if insurance will cover any complications that may arise.According to experts, the outbreak could potentially impact several insurance lines....
Oct 21 2014 // SterlingRisk Insurance, a privately-owned brokerage based in Woodbury, N.Y., has launched aircraft business income coverage designed for both the aircraft owner and operator to protect their expected charter revenue from...
Oct 20 2014 // Encino, Calif.-based NAS Insurance Services, a full-service specialty insurance underwriting manager, has partnered with Prospect Insurance Brokers Ltd. and Ark Specialty Programs of Lloyd’s of London to launch an...
Oct 17 2014 // Retail insurance broker William Gallagher Associates of Boston and Miller Insurance Services, a London-based independent specialist insurance broker, have partnered to launch Pandemic Disease Business Interruption...
Oct 6 2014 // In the next 10 years, the clean technology market is expected to increase by more than 60 percent to nearly $400 billion worldwide, according to Clean Edge’s Clean Energy Trends 2014 Report – creating an enormous...
Sep 26 2014 // Edouard (Eddie) Schmidt is responsible for Swiss Re’s Property and Specialty Sectors around the world, which covers around a lot of ground. He explained how much, and what some of the difficulties he encounters are...
Aug 18 2014 // From a producer’s perspective, the words in the headline are dangerous when spoken by a customer or prospect. Simply duplicating what the insured currently has, whether the account is commercial or personal, can and...
Aug 8 2014 // The weakest link in the great global economic cog is the gazillion supply chains that bind us all.At one time these chains were an ironic metaphor. Instead of shackling companies, supply chains were providing ever greater...