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The surplus lines market plays a critical role in the insurance ecosystem by providing coverage for hard-to-place and specialized risks. For WSIA’s 2019 Annual Marketplace September 22-25, read up on the unique lines and market trends impacting the specialty and E&S industry.

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Airplane repair. Aviation claims include incidents like hard landings, bird strikes, runway incidents and crashes. (Photo: Shutterstock)

Despite the recent Boeing 737 crashes in Indonesia and Ethiopia, the global airline industry has had a solid safety record in recent years, particularly considering there are more than one million people in the air at any one time. The number of aviation-related insurance claims, however, shows no sign of abating. Human error, rising repair costs from composite materials and higher value engines, an increase in ground incidents at more congested airports, and a growing reliance on automation are just some of the main factors influencing loss activity.

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