Business InterruptionInsurers Expect 'Ripple Effect' From Terrorist Attack Claims
The "ripple effect" of claims related to the recent attacks on the World Trade Center extends well beyond the site of the destroyed buildings, creating far-reaching exposure for some insurers that provide business interruption insurance, according to an industry consultant.
The property, business interruption and workers' comp claims for businesses that used to be housed in the towers are the most obvious ones that people think of, said John Dorf, senior manager in the insurance and risk management practice of Ernst & Young in New York.
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