Global Business Explosion Sparks Insurance Needs

Law360, New York (July 29, 2009, 6:34 PM EDT) -- As companies become increasingly global and venture into emerging markets, they are likely to encounter new risks such as economic or political instability and gaps in insurance coverage. Demand for insurance products designed to address those issues is growing, although not all risks involved in international expansions are insurable, according to industry experts.

As companies expand into foreign countries, they might potentially create “insurance coverage gaps if all they bought was a U.S.-centered policy,” said Jonathan B. Farber, president of the global underwriting group for The...
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