TITLE

Lloyd's Models Thames Super-Flood

AUTHOR(S)
Jones, Marc
PUB. DATE
December 2008
SOURCE
Best's Review;Dec2008, Vol. 109 Issue 8, p12
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that Lloyd's has added a major flood in Great Britain's Thames Valley to its set of "realistic disaster scenarios" (RDS) for 2009. The RDS is used to stress-test the entire market to see how they endure accumulated exposures in very extreme cases. Moreover, the Thames Valley RDS model exposed a 200-sq-km area to theoretical catastrophic flood conditions. It resulted in an overall industry insured loss of £6.2 billion.
ACCESSION #
35720093

 

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