Firms Said To Overlook 9/11 Coverage Lessons

NU Online News Service, Sept. 9, 4:15 p.m. EDT–Insurance buyers across the country, including many in Midtown Manhattan, have not taken some of the lessons of Sept. 11, 2001 to heart, said an attorney involved in several 9/11 business interruption disputes.

“Have firms changed their BI coverage since 9/11? They should have, and they should be talking to people who know how to read policies and know what the courts are going to do, and look at the implications of their BI coverage in view of 9/11, said Mark Bunim, a partner and member of the insurance and risk management practice at the international law firm Bryan Cave LLP, in New York.