Lloyd’s City Risk Index: $546 billion at risk from 22 threats

As the world’s population becomes increasingly concentrated in cities, they become more vulnerable to risk events. To understand the risk, Lloyd’s compiled a City Risk Index, detailing the threat landscape for the world’s leading 279 cities.

The index estimates how much economic output (GDP@Risk) a city could potentially lose due to 22 different threats ranging from stock market crash to solar storm.

Here are some highlights from the report:

• Across all 279 cities, $546.50 billion is at risk from all 22 threats.

• Man-made threats account for 59 percent of the total GDP@Risk – with market crash the largest single threat, with cities exposed to losses of $103.33 billion on an annual basis.

• The 10 cities with the highest...

[Read More ...]

Having a problem with a flood claim? Click Here To Learn More

Lloyd’s City Risk Index: $546 billion at risk from 22 threats was originally posted by ClaimsMate.com Insurance Information Resources