✉news BusinessBusiness first seen 5 h ago, last 1 h ago, peak #9
Fire Tops Business Interruption Claims as Severity Surges Worldwide
Original: Fire Remains Costliest Cause of Business Interruption Globally as Claim Severity Surges
Fire remains the most expensive cause of business interruption losses globally, and the severity of claims is rising, according to reporting in the insurance trade press. The finding matters for insurers and corporate risk managers, who face growing payouts when fires halt operations at industrial and commercial sites. Rising claim severity is prompting renewed attention to fire prevention and business continuity planning.
Why now: Rising claim severity and growing business interruption losses are a pressing concern for insurers and risk managers.
Risk & Insuranceinsurersbusiness interruption
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- Fire Remains Costliest Cause of Business Interruption Globally as Claim Severity Surges · Risk & Insurance
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