“Insurance gap” threatens disaster-vulnerable poor nations, says Lloyd’s
Thomson Reuters Foundation Disaster-prone developing nations, including Bangladesh and Indonesia, are exposed to crippling losses when storms, floods or earthquakes strike because they suffer from a dangerous lack of insurance, industry experts said on Monday. Globally, assets worth about $US163 billion are not insured against catastrophes, posing a “significant threat” to livelihoods and prosperity, London-based […]