Insurers, Policyholders Clash Over Business Interruption Claims

Over the years, insurance companies and policyholders have been arguing in courts over how to calculate business interruption losses during catastrophes. This is the type of coverage that is often ignored until there is a loss. But once there is a loss, some companies realize their lost profits may be more than the amount of property damage they suffered. Insurance companies, of course, have figured this out as well, according to Finley Harckham, an insurance attorney at the New York law firm Anderson Kill & Olick.