Defective products are leading liability loss, says Allianz
Commercial insurer Allianz Global Corporate & Specialty has identified defective products and work as the leading global liability loss by studying the total value of claims over a five year period.
An analysis of 100,000 corporate claims from over 100 countries costing $9.3bn (£7.47bn) from 2011 to 2016 revealed that 80% of liability losses arise from ten causes: defective products and work
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