A garage is seen surrounded by floodwaters after Hurricane Florence hit in Kinston, North Carolina, on Thursday, Sept. 20, 2018. (Photo: Alex Wroblewski/Bloomberg)
Hurricane Florence physically damaged large areas of the South, particularly in North and South Carolina. Businesses in the region are also certainly suffering long-lasting economic damage as they remain closed — and they will rightly want to secure business interruption coverage for those losses.
|Business interruption claims
Following such disasters, one common dispute is whether the measurement of business interruption should account for the post-loss economic conditions of the impacted area. Under ordinary, non-catastrophic circumstances, the performance of a business prior to the catastrophe can be an accurate measurement for how that business would have performed if the damage had not occurred.
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