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Claim denied form. Finding a workable method to efficiently and effectively handle an increase in business interruption claims could require looking at these claims from a different perspective. (Photo: Shutterstock)

It’s just so clear — business interruption (BI) claim handling proves that BI cover would best serve insureds, insurers, and economies if the cover migrates from an indemnity model to parametric. There’s entirely too much under-productive effort expended for insureds proving a claim, and too much claim handler time expended confirming the proof.

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