Haiti reconstruction could cost $14bn

Haiti quake map

Study from the Inter-American Development Bank claims Haiti earthquake more destructive than any modern natural disaster.

Economists at the Inter-American Development Bank have estimated that the cost of rebuilding Haiti could reach $14bn.

Their estimate would make the earthquake proportionately the most destructive

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ABI insists fire safety scheme is temporary

Mervyn Skeet, the Association of British Insurers’ director of general insurance, has outlined how the trade body will ensure the Fire Safety Reinsurance Scheme will only last three to five years, and how it will should end criticism of brokers earning commission for arranging cover.

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