Profiting From A Peril: Business Interruption Valuation During Economic Instability (JD Supra)

Profiting From A Peril: Business Interruption Valuation During Economic Instability

  Wednesday, November 30th, 2022 Source: JD Supra

The pandemic and political turmoil are causing widespread and long-term economic volatility after many years of positive trends. But covered commercial property losses continue, whether caused by fire, wind, or other causes independent of the underlying bases for the current market turmoil.

And Hurricane Ian, in light of its occurrence during volatile economic times, will trigger numerous business interruption valuations in Florida, many of which will have to consider past and/or future economic realities.

Here, we revisit and analyze cases addressing the problems associated with the valuation of such business interruption claims in light of sudden economic factors, such as those caused by domestic and world events.

These cases should provide some guidance on where courts may go in addressing business interruption valuations during these unprecedented economic times.

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