HONOLULU--Spending for loss control services increased or remained flat for most organizations in the past year, while money spent was up from 2003 in areas such as disaster preparedness and catastrophe management, according to an online insurer's survey.
Those were among the findings in the Chubb 2006 Loss Control Spending Survey, released here yesterday by the Chubb Group of Insurance Companies at the Risk & Insurance Management Society's annual conference.
"We had 95 percent of respondents indicating that loss control spending had gone up or stayed the same," Steven D. Hernandez, senior vice president of Chubb & Son, said in an interview.
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