Staying Afloat Through The Flood: Contingent Business Interruption Insurance May Pay For Losses Caused By Supply-Chain Disruptions Resulting From The Mississippi River Flooding
The Corporate Counselor
The Mississippi River floods in Spring 2011 proved to be among the largest and most damaging along the U.S. waterway in the past century, rivaling the major floods of 1927 and 1993. In addition to the massive property damage that the floods have caused, the floods also threatened to cause immense disruptions along one of the country’s most important trade routes. In one instance, the Coast Guard temporarily closed a large section of the Mississippi River to both northbound and southbound traffic, and more closures might be on the horizon.
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