Editor’s Note: This article has been contributed by Michael A. Costonis, a managing director in Accenture Property and Casualty Insurance Services.

P&C insurers are still sifting through the wreckage left behind by Superstorm Sandy, and estimates for insured losses range widely, from $10 billion to $25 billion. At this stage of the post-mortem, insurers are focused on property damage, but losses from business interruption (BI) constituted a significant part of the total. 

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