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Contingent Business Interruption (CBI) coverage really took center stage for the first time two years ago after the one-two punch of the earthquake in Japan and flooding in Thailand—back-to-back disasters that crippled the supply chains of auto manufacturers, tech companies and other businesses around the globe. 

“Companies were caught off guard [by the catastrophes] in 2011,” says Robert Hartwig, president of the Insurance Information Institute. “Management trends in recent years had rewarded running thin inventories and just-in-time production, and 2011 exposed the weakness of that. Auto manufacturers lost billions.” 

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