Power Failures A Common Source Of Business Interruption Claims Losses

A recent data analysis conducted by Allianz Global Corporate & Specialty has revealed that power failure were among the leading causes for interruption related loss claims on business insurance policies from 2010 through 2014, worldwide. The Allianz Global Corporate & Specialty firm specializes in industrial and business risk coverage and its research involved an analysis of almost 2,000 cases of business insurance in which there were interruption-related claims from 2010 through 2014.