🚀 go-pugleaf

Here is a demonstration down below, that a True Geologist is always aware of 
the chaining of events, but as well can anticipate such years ahead.
... and as well if it was not in australia,  would be able to take action to 
alleviate its consequences


The following extract is from the THE AUSTRALIAN, demonstrates too that some 
Swiss Financial Institution is coming to grip with the highly hazardous 
situation. My advice to such Insurance or Reinsurance company would be DO 
NOT GAMBLE ON SYDNEY ....

YOU WILL LOSE CORKED HAT, SHOVEL, PICK & BARROW IN THE VENTURE

... and my kind advice to my Kiwis friends... steer clear of the doomed 
country


-- 
Sir Jean-Paul Turcaud
Australia Mining Pioneer

Exploration Geologist
Founder of the True Geology

~~ Ignorance Is The Cosmic Sin, The One Never Forgiven ! ~~


      This story is from our network
      ***********************

      SYDNEY ' MOST AT RISK OF QUAKE ' Source: AAP


By Rhys Haynes
February 06, 2006


SYDNEY is the Australian city most at risk of an earthquake, while Brisbane 
and Townsville are the most likely to be hit by a tropical cyclone, 
according to a global insurance company.

Swiss Reinsurance Co today launched Australia's first natural catastrophe 
bond as a way of covering against disasters.

The bond offers local capital markets $US100 million ($133.51 million) worth 
of protection against Australian earthquake and tropical cyclone risk.

"How real are the risk exposures covered by this capital?" the Swiss Re head 
of Australia and New Zealand property and casualty business, Keith Scott, 
asked.

"Very real," he said.









"They are very remote occurrences, we expect maybe - in terms of frequency - 
that this cat bond would not be exposed to loss more than twice in 100 
years," he said.

"They are very large events when they occur and they are very infrequent."

Mr Scott said most of Australia's capital cities were at risk of an 
earthquake, some of them more than others.

"The biggest (risk) is Sydney," he said.



http://www.theaustralian.news.com.au/common/story_page/0,5744,18056579%255E30417,00.html

Full story following this link on THE AUSTRALIAN SCIENCE & NATURE site






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