Airmic tips parametrics for key role as members label traditional policies' nat cat coverage inadequate
Over three quarters of corporate insurance buyers think that traditional property damage and business interruption policies do not adequately cover natural perils, according to a survey by Airmic.
The research found that 76% of those surveyed found the cover offered by these policies inadequate, with the remaining 24% finding them satisfactory.
Coverage restrictions and exclusions topped the
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