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If you have trouble reading this email, please click here. December 2007
   Welcome to this issue of our regular news round-up.  
     Priceless exhibitions get Lloyd’s clear cover  
     Loss figures belie truth behind 2007 hurricane season  
     Industry wakes up to data loss risk  
     Lou Lou shows it does not pay to write off an insurance loss too early  
 
 
  Terracotta army Priceless exhibitions get Lloyd's clear cover

Some of the most famous exhibitions in the world are being covered in the Lloyd’s market with the focus on ensuring the policyholders know exactly what is covered.
 
 
 
  Palm trees Loss figures belie truth behind 2007 hurricane season

Can insurers breathe a sigh of relief now that the 2007 hurricane season is over? Research from Risk Management Solutions (RMS) has found that the risk of landfalling hurricanes in the Atlantic basin for the next five years remains significantly above the historical average.
 
 
 
  Computer screens Industry wakes up to data loss risk

A media storm blew up in the UK recently when HM Revenue & Customs (HMRC) lost computer discs containing personal information. But data leaks don’t just happen to government departments. They happen to all kinds of private entities too – and they can be expensive.

 
 
 
  Lou Lou the horse Lou Lou shows it does not pay to write off an insurance loss too early

Lou Lou is an 11-year old mare formerly ridden by leading Irish showjumper, Jessica Kurten, and has been the subject of an insurance claim after its owner and a recognised vet said the horse could no longer compete as a top class show jumper.

 
 
 
     Also on lloyds.com     
 
Lloyd's Nanotechnology report now available
A new report from Lloyd's Emerging Risks team reviews the potential effect of nanotechnology on the insurance industry.


Florida to relax collateral rules
Florida is consulting with the industry on regulations aimed at relaxing the collateral requirements for foreign reinsurers operating in the Sunshine State. This follows the announcement in October that New York was also revising its rules.

IISS and Lloyd's launch home-grown terrorism report
Over 100 business leaders, representing a wide variety of sectors, attended a special event organised by the Institute of Directors (IoD) and sponsored by Lloyd’s in the City on Monday to discuss how business can manage the threat of terrorism.

Banks see value in risk officer role
The post-Enron era brought heightened focus on the role and responsibility of corporate boards and their members. This year the sub-prime crisis in the US has only served to emphasise that, and the beneficiaries have been risk officers.

 
2007 events
Don't forget to check out our events pages for a list of forthcoming events.
 
 
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