Taking Out Insurance Against Catastrophic London Flood

Summary


An insurance firm is offering investors the chance to bet against a catastrophic flood devastating London.

German insurer Alli-anz has issued the bond to protect itself against the risk of flooding due to the levels of claims from homes and businesses which could arise from such an incident.

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Extract


Taking Out Insurance Against Catastrophic London Flood

London's Thames Barrier (above) protects the capital against flooding up to ...

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