Volcanic eruption could cost large cities up to USD 30 billion, new Swiss Re model says
(WorldNews Switzerland)

23 March 2017, Zurich New volcano model says over 1 billion people live within 150 km of an active volcano Top 10 exposed cities include Tokyo, Naples, Manila, Managua and Jakarta Losses from volcanic eruptions are still largely uninsured, posing a significant protection gap Emerging markets such as Nicaragua or Ecuador would suffer severe economic disruption in case of eruption New Swiss Re volcano model enables design of new coverage against severe loss potential of volcanic eruptions Swiss Re has developed the world`s first global volcano model, which assesses risk in the case of...