Lloyd's to up key disaster limits by 42% in 2006
Lloyd's of London is to raise the upper limit on two key Realistic Disaster Scenarios (RDS) from $70bn to $100bn in the light of the record Hurricane losses sustained in 2005.
The Florida Windstorm RDS, Gulf of Mexico RDS and USA Windstorm RDS will now be specified as $100bn industry-insurable losses.
According to Lloyd's, the Gulf of Mexico scenario will remain as it was in
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