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December 30, 2004

Experts Say Tsunami Disaster Alerts Insurers To Another Catastrophe Risk

As the rapidly rising death toll from the Dec. 26 earthquake and tsunamis in the Indian Ocean rim tops 40,000 by some estimates, insurers and risk modelers are facing yet another catastrophic surprise that will likely change the way they calculate risks.

At least one million people are homeless, and thousands are still missing, two days after the disaster.

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Posted by Tom Troceen