Global Insurance vs. Natural Calamity: The Worsening Phenomenon

Axis Capital, with a group of insurance and reinsurance companies in Bermuda, Singapore, Australia, the United Kingdom and United States, also state the same concern. Global calamities have affected their clients from all over the world and it gets worse since some of their offices are based on disaster prone areas. Other companies voice out their frustrations, some even close their businesses due to financial bankruptcy. Global economy has greatly been affected on the loss of both lives and businesses.