September 19, 2017

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Business interrupted: hurricane-damaged firms dig in for insurance fight

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Business interrupted: hurricane-damaged firms dig in for insurance fight

Business owners who are trying to get back on track after hurricanes Harvey and Irma now face a different sort of challenge: trying to recoup lost income from their insurers. Exclusions in the fine print of policies, along with waiting periods and disagreements over how to measure a company’s lost income, make business interruption claims among the trickiest in an industry renowned for complexity. “I think the whole thing is a rip-off,” said Thomas Arnold, an optometrist in Sugar Land, Texas.

Source:: https://finance.yahoo.com/news/business-interrupted-hurricane-damaged-firms-dig-insurance-fight-050430072–finance.html

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