business interruption losses News

Measuring Business Interruption Damages? Recently Released Book Provides Methodological Framework for Measuring Lost Profits

New York, NY, April 21, 2021 – Computing damages in business interruption cases requires thorough knowledge of the research and practices in diverse areas of expertise, such as general and forensic accounting, litigation economics, and business law. The third edition …

Chubb CEO Warns Retroactive Measures Would ‘Bankrupt’ Industry

Chubb Ltd. Chief Executive Officer Evan Greenberg has a stark warning for policy makers pushing insurers to pay out some uncovered business-interruption losses. “The insurance industry is a fundamental part of the economic plumbing of this country,” Greenberg said in …

Insurers Back Government Fund for Employers, Workers Hurt by Virus Shutdowns

The property/casualty insurance industry has joined a broad business coalition in supporting and crafting a new federal relief fund for businesses and workers affected by the quarantine and stay-at-home measures necessitated by the coronavirus crisis. The new relief vehicle, the …

Harvey Coverage Questions Loom for Businesses

Harvey’s lengthy stay over Texas and Louisiana, first as a hurricane and then as a tropical storm, will result in considerable losses for businesses located in both states. According to Finley Harckham, a shareholder in the Insurance Recovery Group at …