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An alternative way is needed to manage risk as companies withdraw from the most vulnerable markets
29 June 2023 – 05:00
It feels like an apocalyptic moment in history as areas are deemed uninsurable. Wildfires? Severe floods? There will be no insurance coverage when the shock occurs.
It is hard to blame the insurers, which have been haemorrhaging financially. But whose obligation is it to fill the void? The government? If so, it must be done proactively and comprehensively to manage liabilities. ..
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