business interruption loss News

New York Businesses Advised to Check Insurance in Wake of Chelsea Terrorism Bombing

New York Governor Andrew Cuomo has identified the incident where a bomb went off from inside a dumpster in New York’s Chelsea neighborhood, injuring 29 people, as an act of terrorism. “I said yesterday I believed it was an act …

Arkansas Chemical Plant to Reopen After Blast

El Dorado Chemical says it will soon resume operations after last month’s explosion at its plant in south Arkansas. No one was hurt in the May 15 blast at the plant, which produces chemicals for farming and industrial uses. The …

Insurers, Policyholders Clash Over Business Interruption Claims

Over the years, insurance companies and policyholders have been arguing in courts over how to calculate business interruption losses during catastrophes. This is the type of coverage that is often ignored until there is a loss. But once there is …