Despite the largest economic losses in history, analysts are divided in how quickly they expect the global insurance industry to respond by raising rates.
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Many property owners worldwide are unprepared for earthquake damage, even in areas of the world facing an increased risk of seismic activity. In a new report from Swiss Re, the authors found that despite recent large scale earthquakes in Japan and New Zealand, most of the world is vastly under insured against earthquake risk. “Overall, [...]