BUSINESS INTERRUPTION AND EXTRA EXPENSE

One of the most challenging risks to manage relates to business interruption and extra expense. We have helped our clients meet this challenge. In 1998, Hurricane Georges disrupted American Airlines' flight operations in the Caribbean for weeks. We represented American with respect to its claim under its all risk policy for extra expense and business interruption losses, recovering 100% of its claimed losses. In another case, the Hotel Deaville in Miami, Florida sustained a severe electrical fire. Post-loss inspections undertaken by the Miami Building Department resulted in the enforcement of certain code requirements not previously enforced. We represented the Hotel in recovering the millions of dollars of code upgrade costs, including all business interruption losses and extra expenses incurred during the period of time that it took to repair the Hotel and implement the building code upgrades.

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