Insurers must brace for bigger losses from disasters, experts say

01/27/2013 |

Property/casualty insurers must prepare for issues including cyber-risk, reputational risk and an increasing threat from natural catastrophes, industry experts say. "Companies with global exposures and an expanding global reach need to be prepared for the possibility that future catastrophes will produce losses exceeding any historical amounts," said Bill Churney of AIR Worldwide.

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