Need for Liability Insurance Increases with Emerging Risks

Tuesday, September 16th, 2014 Legislation & Regulation Liability Technology

Claims severity and demand for liability insurance will increase as economic growth accelerates and because of technological, social and regulatory changes, according to a new report from Swiss Re. Cyber risk, hydrofracking and autonomous cars will likely be among the drivers of liability claims in years ahead. Liability claims have been below trend in the weak economic growth environment of recent years, boosting insurers’ profitability despite declining prices.

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http://www.insurancejournal.com/news/national/2014/09/15/340428.htm

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