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Thanks to the Internet and telecommunications, the globe is shrinking, figuratively. Thus, many risk managers — especially those with far-flung foreign operations — no longer focus parochially on loss exposures inside the U.S. While the tort explosion has detonated loudest in this country, companies must ponder the possibility of foreign claims. This is doubly true as commentators see some foreign jurisdictions becoming almost as lawsuit happy as America. Japan, for example, faces a shortage of attorneys and is trying to get more students into law schools. Be careful what you wish for!


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