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$100B U.S. Mega-Loss Any Day Now: Lloyd's

"You may wonder why I am talking about America at an event about the UK's resilience, but in the globalized world, what happens there impacts the rest of us," he said, according to a text of his speec

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Underwriters at Lloyd’s think the time is nearing when a mega-hurricane will slam the U.S. coast and cause “$100 billion” in insured losses, Lloyd’s Chairman Peter Levene said today.

Mr. Levene, a British lord, told a research group in London, “We believe a $100 billion natural mega-catastrophe is getting closer and could hit anywhere on the Atlantic Coast.”

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