Business Interruption Claims Grow in Number and Cost

| posted in Blog

As the world becomes more interconnected and natural disasters increase in frequency, more firms are dealing with costlier and costlier business interruption losses. Business interruptions were the top risk to organizations cited by risk managers surveyed in the report, “Global Claims Review 2015: Business Interruption In Focus,” from Allianz Global Corporate & Specialty. The study looked at more than 1,800 business interruption claims and found that they resulted in average losses that were greater than the actual property damage. The report, which looked at claims trends between 2010 and 2014, found that the average cost for a business interruption insurance…
Read More