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Fac market divided on scale of eventual Japan CBI hit

16 September 2011

Most participants at this year's Inside FAC Roundtable at Monte Carlo were agreed that contingent business interruption (CBI) losses from March's Japanese earthquake would be lower than initially feared, though opinions were still divided as to the ultimate magnitude of the event.

In the weeks after the Japanese quake fears grew in the industry that the resultant supply chain disruption would activate CBI policies in the US and Europe, racking up billions of dollars of insured losses.

General Motors issued...

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