✉news BusinessBusiness first seen 19 h ago, last 5 h ago, peak #1
Fire Tops Global Business Interruption Losses as Claim Costs Surge
Original: Fire Remains Costliest Cause of Business Interruption Globally as Claim Severity Surges
Fire remains the costliest cause of business interruption worldwide, with insurers reporting a marked surge in claim severity. The findings underline growing concerns among risk managers and insurers about property fires triggering prolonged shutdowns, supply chain disruption and escalating financial losses for businesses across industries and regions.
Why now: Rising claim severity makes fire-driven business interruption losses a pressing concern for insurers and risk managers.
Risk & Insuranceinsurance industrybusinesses
Evidence
- Fire Remains Costliest Cause of Business Interruption Globally as Claim Severity Surges · Risk & Insurance
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