CBI returns to sting European fac market

In a development likely to reignite the debate over the need for
a standalone reinsurance product, significant contingent business
interruption (CBI) claims have hit the fac market following a fire
at an auto parts factory in the Czech Republic, sister title
Inside FAC revealed on 6 April.
The facility is owned by Belgian automotive component parts
manufacturer Recticel.
CBI insurance continues to be sold as an extension to property
programmes. It reimburses lost profits and extra expenses resul