business interruption losses News

Businesses View Cyber, Business Interruption as Bigger Risks Than Catastrophes

Cyber incidents join business interruption as the top risks facing global businesses, according to a survey conducted by Allianz Global Corporate & Specialty (AGCS). The impact of business interruption (which includes supply chain disruption) is the major risk for companies …

N.Y. Appellate Court Affirms Summary Judgement in $58M Insurance Dispute

The Appellate Division of the New York Supreme Court, First Department, has affirmed an earlier Supreme Court decision to grant summary judgement to TransCanada Energy USA and its subsidiaries, TC Ravenswood Services Corp. and TC Ravenswood, recognizing insurance coverage for …

How to Help Hospitality Firms with Business Interruption Claims

Achieving fair recovery for business interruption losses is often one of the most challenging aspects of resolving commercial property insurance claims. This is especially true for hoteliers and others types of hospitality companies where the amount of income loss can …