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Business Interruption

Business Interruption
Author: Daniel T. Torpey
Publisher:
Total Pages: 0
Release: 2011
Genre: Business income insurance
ISBN: 9781936362240

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Business interruption claims are some of the most challenging that insurance professionals, risk managers, and business owners face. Preparing for, managing, and closing out a business interruption claim can be complicated and frustrating--and often ends in failure. Success requires that you understand accounting principles and are able to interpret coverage language that is sometimes indefinite. Only Business Interruption, 2nd Edition, delivers all of this, in one widely respected resource: -An overview of the common elements of coverage - Insights on customizing coverage - Guides to establishing limits - A step-by-step roadmap for handling the process from claim to settlement - Specific techniques for calculating the business interruption loss - Perspective of dispute resolution options - And much more! Plus--there are three entirely new chapters covering: - FEMA Claims - Recovery Beyond First-Party Property Coverage - Claims in a Global Economy - Plus! New Real-World Case Studies - And much more!


The Business Interruption Book

The Business Interruption Book
Author: Daniel T. Torpey
Publisher:
Total Pages: 380
Release: 2004
Genre: Transportation
ISBN: 9788879991339

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This book is the authoritative source for information on business interruption issues, including establishing values before the loss, handling loss adjusting problems, and establishing a proof of loss after the fact. Written by acknowledged leaders in the business interruption field, it is the only resource of its kind because it progresses from technical, theoretical issues through their practical solutions. Includes practical discussions on handling frequently litigated issues and on understanding insurance policy language. In depth claim scenarios provide the details needed to analyze, discuss, and resolve difficult business interruption situations that are culled from actual loss situations. Business leaders and managers, risk managers, insurance professionals, and accounting professionals will benefit from this book because, first and foremost, it marries the twin business interruption issues of accounting and insurance.


Earthquake Insurance in Turkey

Earthquake Insurance in Turkey
Author:
Publisher: World Bank Publications
Total Pages: 136
Release: 2006-01-01
Genre: Business & Economics
ISBN: 0821365843

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The persistent potential for large scale natural disasters has become a real concern for the Turkish government since the late 1990s, which ultimately led to the establishment of the Turkish Catastrophe Insurance Pool (TCIP). Among the main rationale of the creation of the TCIP were a grave government fiscal exposure to natural disasters and a disproportionately low level of catastrophe insurance penetration for such a disaster-prone country. Since the commencement of this program in 2000, the TCIP has provided coverage to more than 2 million households, being by far the largest insurance program in the country. In four years, the TCIP has managed to become one of the most trusted brand names in the Turkish insurance industry, and one of the largest catastrophe insurance pools in the world. Its success has also brought an international recognition, inspiring more than a dozen of countries world wide. The TCIP experience has also been a watershed for the World Bank as it has led to a rethinking of the roles of ex ante risk management relative to ex post donor support. This book presents the main technical imperatives and challenges in the development and the implementation of the TCIP and shows how a public-private partnership may be the way forward in the financing of natural disasters. If offers valuable advise and guidelines to policymakers involved in the development of catastrophe insurance programs.


Contingency Planning and Disaster Recovery

Contingency Planning and Disaster Recovery
Author: Donna R. Childs
Publisher: John Wiley & Sons
Total Pages: 290
Release: 2003-06-17
Genre: Business & Economics
ISBN: 0471447439

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Improve business efficiency, eliminate day-to-day mishaps, and prepare for the worst-with effective disaster contingency planning Working in lower Manhattan on September 11th, 2001, Donna Childs became keenly aware of the need for small businesses to develop disaster contingency plans and grateful that her own business had implemented such plans and would remain financially sound. Now, with the assistance of IT consultant Stefan Dietrich, she draws upon her unique experience to present proven guidelines for small and midsize businesses to effectively prepare for catastrophes in Contingency Planning and Disaster Recovery: A Small Business Guide. Childs and Dietrich take small business owners through every stage of disaster planning, from preparation to response to recovery. Specific issues addressed include: * What to do if the main office location is not accessible * Getting the business up and running again * Contacting third parties * Handling insurance claims * Adequate insurance for property, business interruption losses, and workers' compensation * Rebuilding an IT infrastructure Successful planning not only can limit the damage of an unforeseen disaster but also can minimize daily mishaps-such as the mistaken deletion of files-and increase a business's overall efficiency. Contingency Planning and Disaster Recovery is the only contingency guide that small business owners need to ensure their company's continued success.


Compensation for Losses from the 9/11 Attacks

Compensation for Losses from the 9/11 Attacks
Author: Lloyd S. Dixon
Publisher: Rand Corporation
Total Pages: 218
Release: 2004
Genre: Business & Economics
ISBN: 9780833036919

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The terrorist attacks of September 11, 2001, caused tremendous loss of life, property, and income, and the resulting response from public and private organizations was unprecedented. This monograph examines the benefits received by those who were killed or seriously injured on 9/11 and the benefits provided to individuals and businesses in New York City that suffered losses from the attack on the World Trade Center. The authors examine the performance of the compensation system--insurance, tort, government programs, and charity--in responding to the losses stemming from 9/11.


Federal Reinsurance for Disasters

Federal Reinsurance for Disasters
Author: David Torregrosa
Publisher: DIANE Publishing
Total Pages: 62
Release: 2002
Genre: Disaster insurance
ISBN: 1428960880

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Business Income Insurance Disputes

Business Income Insurance Disputes
Author: Richard P. Lewis
Publisher: Wolters Kluwer
Total Pages: 2628
Release: 2012-08-24
Genre: Law
ISBN: 1454824441

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Unexpected business disruptions and income losses can be triggered by many events: by large-scale disasters - hurricanes, floods, earthquakes, explosions - but also by relatively minor happenings such as a local blackout, computer outages, even something as simple as a street closing. What's more, in today's global economy, major business interruptions can be caused by events far away - a breakdown in goods production in Taiwan or a power failure in India. Business Income Insurance Disputes, Second Edition helps you prepare for any eventuality. It covers everything from the basics of first-party property insurance and case law which impacts time-element coverages - to practical strategies for dealing with today's most complex business income insurance law issues and questions. Unlike the majority of books in this field, this new guide focuses primarily on the side of the policyholder. Yet it will prove useful to insurance company counsel and executives as well, giving them valuable insights into the insured's strategies In clear, plain-English terms Business Income Insurance Disputes, Second Edition helps you.... Provide sound insurance advice to your clients or company Review business income insurance forms; resolve problems stemming from vaguely-worded language; see that coverage is sufficient and all necessary clauses are included Determine the rate of loss accurately and prove that loss Protect against common insurance company tactics Negotiate effectively Avoid pitfalls and costly omissions Anticipate court responses Gain the winning edge in litigation