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According to the World Insurance Report 2019, insurance policyholders are increasingly concerned that their insurance coverage is insufficient for emerging risks, The Hindu reported. The report identified five macro trends – disruptive environmental patterns, technological advancements, evolving social and demographic trends, new medical and health concerns, and business environment changes — that are creating new risks for insurance customers and their businesses.
1. Toyota faces $2 billion class-action lawsuit over alleged vehicle faults
2. Shrinking property reinsurance capacity to drive up rates in 2023
3. Cyber insurance rates continue to surge while coverage shrinks
4. Robbers steal 20 containers containing gold, silver from port
6. Insurance claims for jets stuck in Russia could exceed 9/11 claims level