With increases in fraud and legal fees spiraling upward, insurance carriers will need to deal with a growing number of claims burdens globally in 2009, executives of insurance broker Aon said, pointing out five claims hotspots in the New Year.
Issues such as environmental threats, terrorism and product recalls shaping the claims landscape for clients in the United Kingdom are also global challenges, Aon executives said. These concerns will test the adequacy of policy coverage and the willingness of insurers to pay claims for the emerging and potentially costly issues.
Aon warned insurers to brace themselves for five top claims hotspots:
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