Business interruption claim picture cloudy.(terrorist attack aftermath)(Brief Article)

Business Insurance, October, 2001 by Wojcik, Joanne

As risk managers and their property insurers sort through the array of claims arising from the Sept. 11 terrorist attacks, coverage remains an unpredictable element. Although policyholders with physical property damage will likely be reimbursed for income lost from the attacks, current economic conditions could make negotiations about the size of those reimbursements contentious, some coverage experts say.

And businesses in New York and Washington that suffered income losses because authorities prohibited access to their facilities may be able to collect if they purchased the civil authority coverage endorsement that can be added to most business income policies. It remains to be seen, though, whether businesses outside of the affected areas that suffered...

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