12. Pure economic loss.

Pure economic loss refers to financial loss suffered by a claimant which does not flow from any damage to his own person or property1. Rather, the loss is caused through a web of economic relationships in which the claimant is involved. The preplanned nature of these relationships frequently provides the claimant with an opportunity to seek protection through such measures as contract2 and insurance3. The interlocking nature of the relationships means that the consequences of a single act of negligence may cause financial loss to numerous individuals. For both these reasons, recovery for economic loss has not generally been