Natural disaster.
The insurance industry continues to refuse to take the threat of global-warming seriously, despite the loss increases over the past few years. Jeremy Leggett says it is time it prepared for the financial repercussions of the changing global climate.
In 1993, I listened to a director of Lloyd's of London warn that global warming could bankrupt not just Lloyd's but the entire global insurance industry. By 1995, I had also heard industry leadersOnly users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
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