The Japan Quake: How Should Insurers Respond When Cracks In The Supply Chain Lead To Contingent Business Interruption Claims?
As Japan catches its breath and examines its losses, firms around the globe will take inventory of the quake’s impact on their businesses. Japan is a significant supplier of auto parts, computer chips, electronics, and other components used in the production of innumerable goods around the world. Manufacturers who rely on Japanese supplies may sustain economic disruption and may look to their insurers for coverage under contingent business interruption insurance provisions.