Business interruption insurance (BII) - The BP oil spill, Iceland's volcanic ash, and recent flooding in TN are recent disasters that can shut down or disrupt businesses. Would each of these events be covered under BII? Panelists will discuss this topic from engineering, insurance brokerage, and attorney perspectives. The presentation will help actuaries understand customers' needs, gain an appreciation for the risks involved, and make better-informed pricing decisions.
This session includes general information intended for all actuaries, or geared towards those with experience in BII.