London insurance market to carry out catastrophe testing - Hiscox
The London insurance market plans to test its response this month to a major catastrophe on the scale of the 9/11 attacks, the chairman of insurer Hiscox (HSX.L) said on Tuesday.
While insurers have coped with regular hurricanes, earthquakes and terrorist attacks in recent years, the industry feels there is a need to test how it would react to a disaster of the magnitude of the 2001 attacks on U.S. cities that killed nearly 3,000 people.
After being given test scenarios, insurers and brokers will hold meetings over two weeks starting Oct. 30 to plan how they would respond to customers and... read more
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