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Member, Beacon International Group, Ltd.
Marsh L.L.C. has said that businesses can ensure recovery following natural disasters or weather events by tapping parametric triggers and alternative risk transfer structures, Artemis.bm reports.
Business interruption and property damage policies can often leave businesses without cover in the event of huge catastrophic event, said the brokerage.
"The devastation caused by natural catastrophe events remains the worst loss scenario facing many businesses," Marsh said.