✉news BusinessBusiness first seen 7 h ago, last 15 min ago, peak #1
Fire Remains Costliest Cause of Business Interruption Worldwide
Original: Fire Remains Costliest Cause of Business Interruption Globally as Claim Severity Surges
Fire has been identified as the most expensive cause of business interruption globally, with a new report highlighting a sharp surge in claim severity. Insurance analysts say rising repair costs, supply chain dependencies and longer recovery times are driving up losses when fires halt commercial operations, prompting insurers and businesses to reassess fire prevention and risk management strategies.
Why now: A newly released report on escalating fire-related business interruption claims is drawing attention from insurers and businesses amid rising losses.
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- Fire Remains Costliest Cause of Business Interruption Globally as Claim Severity Surges · Risk & Insurance
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