Facing up to natural catastrophe

2012 was the third most expensive year on record for insurers. This year is hot on its heels, with floods, wildfires, severe winter weather, earthquakes and even a meteor shower. Whichever side of the climate change debate you're on, there's no dispute about the need for risk mitigation.

This article looks at recent data about natural catastrophes, examines the enormous cost of recent events, and the value of adopting best practice.