Setting Limits At Lloyd's
Disasters, natural and manmade, have made life difficult over the past few years for Lloyd's of London, the venerable insurance exchange. Losses from Hurricane Hugo and the Exxon Valdez oil spill, combined with lawsuits in Britain and the U.S. from individual investors who provide capital to Lloyd's, have cast doubt on the institution's ability to continue shouldering some of the world's most unusual risks.
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