Business Interruption News
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Business Continuity Plans Lacking Among SMBs: Nationwide Survey
Feb 25 2025 // Mid- and small-market businesses (SMBs) face a lot of the same big-picture challenges, but how they prioritize risk, spending, and solutions varies widely.According to Nationwide’s latest risk management survey,...
Fire-Damaged Cannabis Grower Loses $1.3 Million Business Income Loss Claim
Jan 23 2025 // A cannabis growing company has lost its bid to have its insurer cover $1.3 million in claimed business income losses after a building fire damaged almost 1,000 of its marijuana plants and shuttered one of its...
Cyber, Business Interruption, Natural Disasters Listed as Top 3 Business Risks: Allianz
Jan 15 2025 // Cyber, business interruption and natural catastrophes are the top three risks that concern global businesses, according to the Allianz Risk Barometer 2025.Cyber incidents, such as ransomware attacks, data breaches and IT...
Cyber Resilience Overestimation Leads to Business Continuity Issues, Ransom Payments
Aug 22 2024 // New research commissioned by Cohesity, an AI-powered data security firm, reveals organizations overestimate their cyber resilience capabilities and maturity, leading to significant business continuity disruptions and...
Cannabis Firm Fights Insurer’s Denial of Business Income Loss Claim Following Fire
Jul 29 2024 // A Berkshire Hathaway insurer is insisting it does not owe $1.3 million in claimed business income losses to a cannabis growing company after a building fire shuttered one of its “flowering” rooms for 68...
Insurers Face Business Interruption Claims After Global Tech Outage
Jul 22 2024 // Insurers could face a raft of business interruption claims after a worldwide tech outage crippled industries from travel to finance on Friday, insurance industry experts said.A software update by global cybersecurity firm...
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