Often, forensic accountants face practical challenges when calculating business interruption (BI) losses. These issues have been highlighted by recent claims following COVID-19 and the 2024 storm in ...

Today’s unpredictable business environment poses risks that could disrupt operations. Property insurance does not cover earnings losses caused by downtimes and expenses used to resolve them. For ...

Quantifying a policyholder’s business interruption loss is a contentious issue in the wake of wide-impact catastrophic events. Methods of calculating business interruption losses vary by jurisdiction ...

When COVID-19 first disrupted the global economy in March 2020, businesses in Pennsylvania and New Jersey—like their counterparts nationwide—turned to insurance as a possible safety net. Many ...

ASHEVILLE - East Fork Pottery is suing Travelers Insurance after the company denied its business interruption insurance claim after Tropical Storm Helene. The nationally known pottery company is one ...

This article discusses A.B. 10342, a newly passed bill by Governor Kathy Hochul "which amended New York State insurance law to authorize, for the first time, stand-alone business interruption ...

Discover Maximum Foreseeable Loss (MFL) in business insurance, detailing how it impacts policies and protects against worst-case scenarios for business properties.