Thank you for sharing!

Your article was successfully shared with the contacts you provided.
Insurers suffered sizable Contingent Business Interruption (CBI) losses last year, as catastrophes such as the Japan earthquake and Thai flooding wreaked havoc on supply chains worldwide. CBI losses, in fact, likely accounted for a substantial portion of the massive cat claims in 2011.

“Even though we are unaware of any industry-wide tabulation of insurance payouts due to either Business Interruption or Contingent Business Interruption claims, it is safe to say they likely totaled in the billions of dollars because of the extraordinary number of natural disasters worldwide last year,” notes a spokesman for the New York-based Insurance Information Institute.

Yet despite these massive payouts, insurance buyers seeking extensive CBI coverage can still get it. But they’d better be ready to pay more—and to provide more detailed information than ever on their supply network’s potential exposures.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.


  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?



Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.