Adjusting Today Basis for Institutes CE Courses The Institutes, the leader in providing knowledge solutions for risk management and the property/casualty insurance industry, offers continuing education courses based on technical information compiled from issues of Adjusting Today. The courses — “Valuing a Property Insurance Claim” and “Natural Disasters: Coverage Issues”— include seven modules each and are approved for credit by insurance departments in most states. They are offered to property insurance producers, adjusters or both, depending on the state, for up to three continuing education credit hours per course. More information is available at CEU.com. CORPORATE OFFICE 126 Business Park Drive Utica, New York 13502 800.382.2468 Outside U.S. (315) 797.3035 FAX: (315) 272.2054 Editor@AdjustingToday.com Copyright © 2017 Adjusters International, Inc. Adjusters International ® and the AI logo are registered trademarks of Adjusters International, Inc. Follow Adjusting Today on Facebook & Twitter: Facebook.com/AdjustersInternational Twitter.com/AdjustingToday ADJUSTING TODAY is published as a public service by Adjusters International, Inc. It is provided for general information and is not intended to replace professional insurance, legal or financial advice for specific cases. ADJUSTINGTODAY Adjust ingToday. com View our entire catalog of back issues, download PDF versions, subscribe and contact the editor. WEB ADDRESSES AdjustersInternational.com AdjustingToday.com PUBLISHER Ronald A. Cuccaro, SPPA EDITOR Sheila E. Salvatore AT17 3048 Mr. Harrington is an independent insurance writer and communications specialist. He served for over 20 years as communications director for the American Association of Insurance Services (AAIS). His work has been published in Best’s Review, Rough Notes, publications of The Institutes, and elsewhere. Joseph S. Harrington, CPCU, ARP ABOUT THE AUTHOR In 2014, ISO introduced business income forms and rating for mobile equipment and commercial auto insurance, establishing on a standardized basis a fourth set of income limits, deductibles and restoration periods for exposures found in a wide array of accounts. ISO and AAIS also provide for income coverages for inland marine coverages. When it comes to business interruption claims, insureds and insurers alike will face an ever more complex new world. It is important to be aware of these complexities and their impact on both sides of the insurance equation. Policy drafters must be aware as well, so the intent and application of income coverage is as clear as possible for those who provide and those who depend on this vital form of insurance protection. The author thanks Arthur L. Flitner, CPCU, ARM, AIC, AU, senior director of knowledge resources at The Institutes, for his review and comments as this article was prepared. When it comes to business interruption claims, insureds and insurers alike will face an ever more complex new world.
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