Obtain your FREE Business Interruption Insurance White Paper, Business Interruption Coverage: Trends, Challenges & Solutions.
The 2011 earthquakes and tsunami in Japan, twister outbreaks in the United States, Hurricane Irene, wildfires, blizzards, flooding and more … the impact of natural disasters clearly broke records last year. In fact, private-sector insurers expect to pay more than a record $32 billion in claims from natural disasters in 2011.* And generally, the costliest and most visible causes of business interruption (BI) losses are natural disasters.With this in mind, how can your legal team prepare for future business interruption claims and related challenges that are likely to arise?
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The white paper focuses on five main emerging challenges in business interruption coverage:
As you put the latest guidance into action, it also pays to make the most of LexisNexis® online tools and resources that help you stay on top of emerging issues, breaking news, case law and regulatory changes related to natural disasters and business interruption coverage. For example:
The Appleman Suite of products, available exclusively from LexisNexis, including New Appleman on Insurance: Current Critical Issues in Insurance Law, addressing the most urgent challenges facing insurance law practitionersMealey’s™ Reports, providing editorially unbiased, targeted litigation news with relevant, hard-to-find, full-text court documents: www.lexisnexis.com/mealeys/news.aspx
2011: Natural disaster business interruption headlinesHeavy disaster losses for insurance companies in 2011United Nations International Strategy for Disaster Reduction, January 11, 2012 WednesdayPrivate-sector insurers to pay more than $32 billion in claims from natural disasters in 2011; federal government set record for disaster declarationsInsurance Information Institute, December 30, 2011 FridayWeathering a year of disastersThe Omaha World Herald, January 12, 2012 Thursday2011 saw a number of regulatory changes for the insurance industryThe Economic Times, December 28, 2011 Thursday
Learn more about BI issues that may affect your company.
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