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Zurich unveils 'all-risk' supply chain insurance

from DC Velocity

The U.S. arm of Swiss insurance and financial giant Zurich Financial Services Group has introduced what it calls a new type of supply chain risk insurance product: one that covers all occurrences that could disrupt a manufacturer's or retailer's supply chain but that extends coverage only to those suppliers considered most critical to the companies' operations. Zurich executives say the product is different from traditional "trade insurance," which covers a company's entire supplier base but protects only against specific scenarios, known in business insurance lingo as "named perils." more

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