Thursday, January 26, 2012

Natural Disaster Costs are Significant for Insurers

Climate change can be very costly.

SMH reports that natural disasters in Australia and New Zealand (like the Melbourne hailstorm and Queenstown earthquake) are likely to cost Suncorp more than $270 million in the last 6 months - http://news.smh.com.au/breaking-news-business/suncorp-flags-cost-of-natural-disasters-20120106-1po09.html?utm_source=twitterfeed&utm_medium=twitter

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