And the evolution is occurring at such a rapid rate. The future certainly offers some interesting challenges and opportunities. Cash-flow underwriting, which is always suspect, clearly does not make sense for Internet coverages. In cases involving infringement of intellectual property, for example, if the infringement is clear, it has to be stopped right away. He continues that other cases also require immediate attention and have often gotten it from the courts.
Damage can be very rapid on the Internet.
Oftentimes, the emanation is obvious so there's no question of liability. The Internet offers a plethora of insurance opportunities. But with these opportunities comes an equal increase in risk exposure. Companies that enter this market should be aware that claims can come quickly and that this is not a long-tail business.