Aon warns of claims hotspots
Aon has warned companies to brace themselves for several claims hotspots with fraud on the increase coupled with spiraling legal claims.
The hotspots Aon has identified are:
• higher claims costs due to legal fees, credit hire and referral fees driving premium increases
• increased fraud as the recession takes hold, leading to delayed claims settlements and greater bureaucracy
• new sources of liability from unexpected exposures such as emerging and unproven technologies including nano-technology, more product contamination issues and liabilities from financial derivatives
• more extensive environmental pollution claims as
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