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Hurricanes Disrupt Businesses Nationwide

Although the number of displaced people from this season's hurricanes is staggering, one of the main costs facing insurers is business interruption claims.

By Mikel Benton | Updated on October 25, 2005

Although the number of displaced people from this season’s hurricanes is staggering, one of the main costs facing insurers is business interruption claims.

“Insurance companies will pay billions of dollars in business interruption losses as a result of Hurricane Katrina, but how many billions is still anyone’s guess,” analysts for Advisen wrote in a recent bulletin. “Business interruption losses are difficult to estimate under the best of circumstances. The still-evolving situation in the aftermath of Katrina means that it will take months before insurers have a good handle on their business interruption liabilities.”

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