NU Online News Service, Sept. 22, 1:25 p.m. EDT
Global natural catastrophes have made 2011 the highest loss year on record after just the first six months—creating opportunities for risk managers to review coverage and issues such as supply-chain disruption, according to an industry expert.
Robert Hartwig, president of the Insurance Information Institute (I.I.I.), says the most important thing risk managers can recognize as a result of disasters this year is the necessity for business-continuity coverage, including business-interruption and supply-chain disruption coverage.
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