Study Sees Lower Limits, More Exposure
NU Online News Service, Sept. 2, 1:12 p.m. EDT?Many businesses trimmed back their liability coverage last year, widening the gap between their potential risks and the amount of insurance they carry, according to research by a New York insurance brokerage.
The findings were made by New York City-based Marsh, based on the insurance buying decisions of 4,329 companies during the 12-month period ending Jan. 31. The study looked at insurance purchasing by various industries in the United States and elsewhere.
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