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Welcome to this issue of our regular news round up.
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Climate change: Adapt or bust |
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On board from the start: Chinese Civil Aviation Authority | |
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Lloyd's warns of hurricane, but says insurers can cope | |
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Don't try this at home | |
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Climate change: adapt or bust
Fact: Last year, natural catastrophes killed 97,000 people and cost the insurance industry $83 billion - more than ever before.
As part of a series entitled Lloyd's 360 Risk Project, Lloyd's has released a report on climate change - find out how the insurance industry will be impacted and have your say on what we should be doing.
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On board from the start: Chinese Civil Aviation Authority
Lloyd's has insured planes in China for the last three decades. We started working with China's Civil Aviation Authority (the State Council ministry responsible for Chinese civil aviation affairs) 22 years ago, providing highly specialised hull cover.
To celebrate this relationship lloyds.com talks to the lead brokers and an underwriter involved about how the relationship has grown from providing cover for four small planes to a relationship worth about $32 billion.
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Lloyd's warns of northeast hurricane, but says insurers can cope
Residents of the Northeast coast "ignore the hurricane threat at their peril," Wendy Baker, president of Lloyd's America, has warned, while expressing confidence the global insurance market is equipped to respond to natural disasters.
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Don't try this at home
When asked to insure a television programme whose title translates to "I Will Do Everything", many underwriters might raise an eyebrow.
More so when they discover that the risk is for a Czech programme whose basic premise is "Don't Try This At Home." And the broker is seeking reinsurance cover for accidental death and permanent disability coverage for contestants who'll be taking part.
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