Latest Business Interruption Headlines
All the headlines from our Business Interruption Topic Page, ordered by recency.
Avian Flu and the Property Casualty Industry
May 22 2006 // Insurance buyers are taking a close look at their insurance and risk management programs, looking for possible financial recourse in the event of an outbreak. It is therefore worthwhile to examine each line of coverage in...
Canada’s Suncor Energy Settles Business Interruption Insurance Claim
Apr 25 2006 // Suncor Energy Inc. reports that it has settled business interruption insurance claims related to a January 2005 fire at the company’s oil sands facilities. The total amount of the BI settlement is approximately $980...
Fitch Finds Life Insurers/Reinsurers Most at Risk from Bird-Flu Pandemic
Mar 28 2006 // Fitch Ratings has issued a report, “Bird-Flu – Will It Ruffle The Industry’s Feathers?” which indicates that “life insurers and their reinsurers would be most likely to be the hardest hit by a...
Often overlooked, accurate insurance-to-value should be a priority
Feb 19 2006 // There often are not many incentives for agents and brokers to calculate accurate property and business interruption values. When underwriting for commercial properties, insurers need to obtain accurate insurance-to-value...
Liberty Mutual Launches Online Business Interruption Training Tool
Nov 29 2005 // Liberty Mutual Property has launched online training capabilities for business interruption coverage, designed to address the most confusing and complicated aspect of property insurance. The Web-based training program...
BIBA, CII Schedule Business Interruption ‘Masterclass’ Nov. 25
Oct 18 2005 // Popular demand for their previous Business Interruption “Masterclasses” has been so great that the British Insurance Brokers Association (BIBA) and the Chartered Insurance Institute (CII) have scheduled an...
Business Interruption: When Has the Insurer Satisfied Its Obligation?
Aug 8 2005 // One of the most problematic insurance questions that developed following the destruction of the World Trade Center on Sept. 11, 2001, involved business interruption coverage. With the destruction of the World Trade Center...
BILOXI COVERS ITS BETS WITH BUSINESS INTERRUPTION INSURANCE
Jul 18 2005 // If a storm or hurricane hits Biloxi, Miss., and closes area casinos, the city will have all bets covered. The city, which obtains $20 million a year or about one-third of its annual operating revenue by taxing nine...
ACE USA Unveils ACE Spectra
Feb 7 2005 // ACE USA, the U.S.-based retail operations of The ACE Group of Companies has introduced ACE Spectra, an admitted insurance product that provides coverage for property damage and business interruption resulting from a...
Trade Group Joins Council to Coordinate Financial Services’ Business Continuity Efforts
Jan 5 2005 // The Financial Services Sector Coordinating Council for Critical Infrastructure Protection and Homeland Security (FSSCC) announced that the American Insurance Association (AIA) has joined 27 other financial services...
Disaster Recovery Planning Heads Report Partnership to Help Businesses Prevent Loss
Oct 12 2004 // The Institute for Business & Home Safety (IBHS) and the Global Partnership for Preparedness (GPP) have announced a partnership to pilot test a new disaster planning toolkit at the launch of the Global Partnership for...
PCI: Fla. Businesses Hit Hard by Charley
Aug 26 2004 // Florida businesses appear to have suffered a significant portion of the overall damage from Hurricane Charley, according to the Property Casualty Insurers Association of America (PCI). Wednesday’s estimate by the...
Small Firms Strengthen South Central Economy
Apr 19 2004 // In 2002-2003, gross domestic product continued to rise nationwide, while growth in employment remained slow to recover. Small businesses continued to be a source of economic strength. According to the Small Business...
XDimensional Technologies Delivers Business Continuity Operations and Disaster Recovery for its Customers
Mar 2 2004 // XDimensional Technologies Inc., the provider of Nexsure, a hosted agency management solution, has completed a revision and enhancement of its business continuity systems and now offers its customers uninterrupted business...
XDimensional Technologies®, Inc. Delivers State-of-the-Art Business Continuity Operations and Disaster Recovery
Feb 26 2004 // XDimensional Technologies®, Inc. Delivers State-of-the-Art Business Continuity Operations and Disaster Recovery
XDimensional Technologies®, Inc. Delivers State-of-the-Art Business Continuity Operations and Disaster Recovery
Feb 25 2004 // XDimensional Technologies Inc., the provider of Nexsure™, a hosted insurance agency management solution, announced today it has completed a revision and enhancement of its business continuity systems and now offers its...
Safeco Survey Finds Small-Business Owners Ill-Prepared When Disaster Strikes
Oct 22 2003 // A new nationwide survey by Safeco Corp. found most small-business owners are ill-prepared to recover costs if disaster strikes, such as company’s payroll, operating expenses and profits, and aren’t...
I.I.I. Says Most Companies Have Cyber-Risk Gaps in Their Coverage
Aug 14 2003 // As companies become more dependent on their computer networks for vital data, business continuity and communications, their vulnerability to cyber catastrophes reportedly increases. “Unfortunately, most companies are...
Insure the Game You Love to Play
Aug 4 2003 // Like most other industries, clubs have been impacted a great deal by the hardening market. While recent pricing has improved slightly, clubs still face pricing, stability and consistency issues with respect to their...
AIG eBusiness Risk Solutions Expands Coverage Against Cyber Security Threats
May 7 2003 // AIG eBusiness Risk Solutions (AIG eBRS), a unit of the property and casualty subsidiaries of American International Group, Inc. (AIG) has enhanced its AIG NetAdvantage® Suite of network security insurance and risk...
