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Wrath of nature

点击量:   时间:2019-02-26 05:04:01

The insurance business is about to be put on a firmer scientific footing, with the help of a £1 million research project launched by Britain’s Department of Trade and Industry last week. Half of the money will come from the DTI, the rest from a consortium of eight insurance companies. The initiative, dubbed Tsunami, will fund research into predicting natural disasters such as floods and earthquakes. “Changes in weather patterns and the damage they can cause are a particular concern,” says Nick Golden, underwriting and reinsurance manager for Royal & Sun Alliance Insurance Group,