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Why Chinese Companies Need Disaster Insurance

2013-03-03 13:52:00| Climate Ark Climate Change & Global Warming Newsfeed

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, Aons...

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