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News Focus - Lloyd's raises upper disaster limit.
(From Reinsurance)
Lloyd's of London has raised the upper limit on a string of Realistic Disaster Scenarios (RDS) for the start of 2006.
The Florida Windstorm RDS, Gulf of Mexico RDS and USA Windstorm RDS will now be specified as $100bn industry-insurable losses; the previous limit was $70bn.
According to Lloyd's, the Gulf of Mexico scenario will remain as it was in 2005. However, it will be calibrating the offshore damage factors with the actual damages sustained during the 2005 hurricane season, likely to take ...
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