Insight and Intelligence on the Global Facultative Markets

19 May 2012

Japan CBI wordings ‘don’t fit the risk’ in many cases

14 October 2011

One of the biggest concerns for companies facing contingent business interruption (CBI) claims following the Japan Tohoku earthquake and tsunami is that underwriters of the policies haven't understood the risks, according to a CBI claims expert.

"In terms of fac reinsurance back in the London market, sometimes we find that the wording doesn't really fit the risk at all," said Flemming Jensen, partner with forensic accountancy firm Matson Driscoll & Damico.

Jensen was speaking at the International Underwriting Association (IUA)...

You are currently viewing an incomplete version of this article. If you are a subscriber then please login now. If you are a non-subscriber but would like to be able to view this article, then please select from the purchasing options below.

Purchase


Share:

Insider Publishing Limited - 2nd Floor Asia House, 31-33 Lime Street, London, EC3M 7HT, United Kingdom. The content of this website is copyright of Insider Publishing Limited 2012. All rights reserved Insider Publishing Limited actively monitors usage of our website and products and reserves the right to terminate accounts if abuse occurs.

Π