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SPORTS ARE BACK-perhaps a bit quieter than before. However, at its heart, sports is a business, and like any business, sports relies on insurance to manage risk--and, like the rest [...]

I. Introduction 686 II. Number of Occurrences 687 III. Period of Indemnity for Time Element Losses 691 A. Building Owner 691 B. Building Tenants 693 1. Retail Tenants 693 2. [...]

EXECUTIVE SUMMARY * Forensic accountants are frequently engaged to review business interruption (lost profits) damages for insurance claims. Although it isn't always the case, owners of privately held companies may [...]

I. Introduction 1 II. Direct Physical Loss by a Covered Cause 3 A. Direct Physical Loss 4 B. Covered Cause of Loss 9 C. Excluded Loss and Expense 10 III. [...]

Illinois On April 15, 2008, the U.S. Supreme Court issued its opinion in MeadWestvaco Corp. and vacated and remanded the Illinois Appellate Court's ruling that a company's gain from the [...]

I. Business Interruption Coverage A. Direct Physical Damage B. Necessary Suspension of Operations C. Actual Loss D. Suspension Period II. Extra Expense Coverage III. Civil Authority Coverage IV. Conclusion In [...]

Byline: Sally Roberts Underwriters continue to pay close attention to the indemnity periods of business interruption coverage and are attempting to limit the amount of time that policyholders can seek [...]

Even with the support of a federal court's decision to extend property coverage to business interruption losses triggered by computer glitches not attributable to physical damage, policyholders still should expect [...]

** Liability Liability coverage protects a business from loss as a result of injuries, deaths or property damage caused by a business's operations, employees or products. 'Premises and operations' coverage [...]