Business interruption, disasters are top P/C risks, survey finds

01/29/2013 | PropertyCasualty360

Business interruption and natural disasters top the list of concerns that property/casualty insurers face this year, according to a survey by Allianz Global Corporate & Specialty. Fire and explosion risks, which placed 10th last year, now rank third, the survey found. "Fire risk is certainly no 'known unknown' in the world of corporate risk, but it continues to be a major hazard for companies which shouldn't compromise on higher protection standards due to economic pressure," said Paul Carter of Allianz Global Corporate & Specialty.

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