Australia: Weather Related Natural Disaster Costs are Exploding
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December 31, 2013 - 1:50am
Econintersect: The headline singles out Australia, but the cost of weather related damage is increasing globally. More about Australia later (info graphic). This increase in losses has caused insurance companies to start looking at ways accomodate their increased risks. Reuters recently reported that one of the world's largest reinsurers, Munich Re, has indicated that catastrophe bonds may be added to the insurance industry arsenal.
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