NU Online News Service, Sept. 28, 2:00 p.m. EDT
An added financial burden from natural disasters is being placed on U.S. taxpayers because of government intervention in the insurance market, according to a report released by Lloyd's of London.
The report (Lloyds.com/usnatcatreport), "Managing the Escalating Risks of Natural Catastrophes in the United States," calls for greater cooperation between government, insurers and planners in the U.S. to ensure that a greater emphasis is placed on managing and mitigating risk.
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