Globally, the largest financial losses stem from fires/explosions, aviation incidents, faulty workmanship/maintenance incidents, and storms, which collectively account for more than 50 percent of all claims by total value, according to Allianz Global Corporate & Specialty’s (AGCS) latest Global Claims …
The average large business interruption (BI) property insurance claim is now in excess of $2.4 million, 36 percent higher than the corresponding average property damage claim of just over $1.7 million, according to a new report from Allianz Global Corporate …
Nearly 70 percent of business financial losses arise from 10 causes of loss, with the largest single identified cause being ship groundings, reflecting the high values of modern shipping risks, followed by fires and aviation crashes, according to a new …