Property market braces for $250mn+ claim after Tornado rips through Pfizer plant
Tornado damage on a Pfizer factory in North Carolina Wednesday is set to trigger physical damage, stock throughput and business interruption (BI) claims on the pharmaceutical giant’s $2.5bn cover for the location, with carriers on the Aon-placed policy including AIG, Starr Insurance and Axa XL, The Insurer can reveal.