9/11 Boosts Focus On Interruption RisksNew Orleans
The destruction of New Yorks World Trade Center by terrorists has pushed business interruption exposures much higher on the chief financial officers agenda, with the majority "now more concerned by the costs of being temporarily out of business than physical damage to property" following an attack, a survey for Lloyds of London has found.
Lloyds officials estimate that some $10 billion–roughly 25 percent of the total World Trade Center loss–can be attributed to business interruption coverage.
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