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Article: Business interruption ya think? A flood of coverage issues rises following Andy, Katy, Gus and Ike.(Cover story)
- Article from:
- Insurance Advocate
- Article date:
- September 22, 2008
- Author:
CopyrightCOPYRIGHT 2008 CINN Group, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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[ILLUSTRATION OMITTED]
As the Insurance Advocate approaches deadline, the devastation of Hurricane Ike flashes grim reminders about preparedness, about the valor of volunteers, about the interconnectivities of life today and about the responsibility on all levels of authority to lead the way concretely past all the rhetoric in times of peril. For insurers, agents and their insureds, a performance standard is reset every time disaster strikes. Independent agents have come through with flying colors historically in their communities.
As we read estimates of Ike's toll--up to $25 billion (Deloitte Touche)--and add these to Gustav ($4.5 billion), we are ...