Article: Insurance, Fuel And Personal Finance In The UK Following Recent World Catastrophes
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Insurance, Fuel And Personal Finance In The UK Following Recent World Catastrophes
Following the increase in UK terrorist activities and the catastrophe that has hit New Orleans, it seems we are all going to have to foot the bill. The total cost of the catastrophe is currently predicted to top $25 billion (£13.6bn), however many analysts predict that the full costs could rise much higher even doubling to $50bn (£27.2bn), although with attempts to reduce the flood waters expected to take several months, it will be some time before a clear picture emerges.
Here in the UK, the effects of the disaster in the US are already starting to be felt through higher costs at the petrol pumps, as European reserves of oil which have been set aside for disaster protection are redirected to America to help their recovery efforts. Oil prices have already been rising in rece...
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