Why Chinese Companies Need Disaster Insurance

Bloomberg: Climate change, nearly all scientists agree, makes our global climate system more unstable--leading to increased frequency of extreme weather events. Last year the single most devastating--and most expensive--natural disaster was Hurricane Sandy, according to London-based reinsurer Aon Benfield (AON). In addition to hitting the eastern U.S., it wrought havoc in the Caribbean and the Bahamas. "Sandy was a very unique storm, coinciding with the highest tide of the quarter," says Steven Bowen, Aon's...

URL: http://www.businessweek.com/articles/2013-03-03/why-chinese-companies-need-disaster-insurance
Enclosure: http://images.bwbx.io/cms/2013-03-01/0301-china-typhoon-630x420.jpg