Business Interruption and Contingent BusinessInterruption (CBI) claims loom as large issues following SuperstormSandy, as thousands of businesses of all sizes deal with flooding,physical damage, power outages, government orders and supply-chaindisruptions.
Clark Schweers, a managing director for BDO Consulting (aprovider of litigation, investigation, risk-management and otherservices for major corporations and insurance companies), sayscompanies are only beginning to “wrap their arms around” the vastbusiness-interruption implications left in Sandy's wake.
As the head of the firm's business-interruption andinsurance-claims practice, Schweers says he's already talked tocompanies—and each is just starting the process, if it's evenpossible, of accessing losses due to the vast disruption caused bySandy.
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