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Fires and Explosions Cause Largest Losses for Business: Allianz Global Claims Analysis

Analysis of more than 470,000 global insurance claims from 2013 to 2018 reveals largest financial losses stem from fires/explosions and aviation incidents Technical and human factors account for 87% of all corporate insurance claims by value Property claims are becoming more expensive, with a rising share of BI losses Defective product and faulty workmanship incidents are the top cause of liability losses NEW YORK--(BUSINESS WIRE)--In its latest Global Claims Review, Allianz Global Corporate &…