Latest Business Interruption Headlines
All the headlines from our Business Interruption Topic Page, ordered by recency.
BOPs Are Like Hospital Gowns – They Don’t Cover You Fully
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...
Beecher Carlson Releases Cyber Business Interruption Calculator
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...
Top 5 Issues in Often-Misunderstood Business Interruption Insurance
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...
Industry Examines Potential Claims Issues Following Riots
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,...
Industry Representatives Examine Potential Claims Issues Following 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,...
IronHealth Launches Emerging Infectious Disease Business Interruption Coverage
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...
Why the Simplex in Cyber Liability Needs to Change
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...
Allianz Survey: Businesses Face New Challenges in Interconnected World
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...
Missouri Regulators Urge Ferguson Business Owners to Check Insurance Policies
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...
12 Articles on Ebola Risk and Insurance
Oct 24 2014 // 1. Ebola ‘Tipping Point’ Could Come By Late January, Reports RMS Until the number of new daily cases declines rather than increases, the severity of the outbreak will continue to multiply. RMS said it does not...
Various Insurance Lines Could Potentially Be Affected by Ebola
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...
SterlingRisk Insurance Launches Aircraft Business Income Cover
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...
NAS Insurance Services Introduces Regulatory Business Interruption Ebola Coverage
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...
William Gallagher, Miller Insurance Offer Ebola Business Interruption Cover
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...
Knowing Clean Technology Customers
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...
Swiss Re’s Property and Specialty Head on New and Diverse Risks
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...
E&O Insights: ‘Just Duplicate What I Have’
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...
Drought Weakens Links in Supply Chain Metaphor
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...
Insurance Capacity for Oil & Gas Is Plentiful but Contract Wording May Be Tricky
Jun 16 2014 // The insurance capacity is there to cover the risks associated with the current oil and gas boom in Texas and the nation, experts say, but agents and their customers should be vigilant in their efforts to understand the...
In Charleston, Business Interruption Losses from Chemical Spill Take Toll
May 12 2014 // Restaurants and storefronts are buzzing again in West Virginia’s capital city of Charleston, but many still haven’t filled a financial hole after chemicals sullied their running water and forced them to close...
