As a former news reporter on a City of London insurance magazine, I know that risk management, premiums and aggregates do not instil excitement in many people – God only knows, I found it hard enough to drag myself out of bed most mornings for the three years I worked there.
The industry is complicated and for anyone outside, simply stands for the extrusion of money from their bank accounts.
This may explain why Cascade Aqua, the operator of America’s only Arctic char farm, failed to insure its fish and are now suffering losses of almost $4 million in the aftermath of a landslide that devastated its farm.
This
