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.

Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader

Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.