The great unknown: contingent business interruption
While (re)insurers are slowly getting to grips with the scale of property losses from the Japan earthquake, the wildcat element is contingent business interruption (CBI) cover.
Japan's status as a great trading economy means it is inevitable that CBI claims will be at a record high for a single event, but beyond that few are willing to speculate just how far CBI claims will spread into the global economy.
CBI cover is a common feature of commercial programmes and protects...
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