Feb 282011
Lloyd’s of London insurer Hiscox claims that there was an “unnatural number of natural catastrophes” in 2010, delivering a 36% decline in the company’s profit margins. More specifically, Hiscox enumerates 910 such disasters in 2010, a tenfold increase over 2009.
Profits tumbled by £109m to £211, due to an “unnatural number of natural catastrophes”. Hiscox believes there were 960 such disasters in 2010, 10 times more than the year before.
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