As E-Commerce Expands, So Do Insurable ExposuresCommercial lines insurers have paid considerable attention to the rapid growth of "dot-coms," and the attendant risks inherent in electronic transactions, which often are referred to as e-commerce exposures. Indeed, many carriers now offer separate e-commerce policies to provide specific coverage for risks unique to electronic transactions and the computer environment.
"MarketStance" estimates that e-commerce sales by dot-coms and other "non-store retailers" such as Amazon.com reached $25 billion last year. Last years estimated 18 percent rate of growth is especially impressive given that total retail sales grew only 3 percent during that period, reflecting the U.S. economys recent recession.
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