Historical hurricane costs upwards of $10bn in 2012, claim cat experts

Storm warning

Experts have stated that 28 out of almost 180 hurricanes that have occurred in the United States since 1990 would have caused $10bn (£6.3bn) or more in insured losses had they happened today.

According to independent experts in catastrophe risk management at Karen Clark & Company, the cost of devastation caused by these historical catastrophic events would be magnified in 2012, as a result

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Insurers struggle to fill IT and data job vacancies laid bare

Roles that are critical to core insurance operations are still heavily concentrated in London, plus providers are struggling to fill their IT and data roles, data analysis produced by Michael Stefan, partner at executive recruitment firm Hanover, has revealed.

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