Wednesday, August 12, 2020

Most Expensive Insurance Claim in the World

The World Banking Crisis 2008: This was one of the biggest financial crisis ever happened. A number of businesses and even countries lost trillions of dollars in this crisis. This was the year 2008 when unthinkable mess of worldwide collapse of the financial sector tool place. The impacted businesses claimed a staggering $21.5 trillion through insurance due to this disaster. The impact of this adversity is still there in terms of higher business insurance premiums. Another major influence of this catastrophe is that few insurance companies refuse to provide cover in the case of a worldwide crumble of the market.

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