The article reports Lloyd\’s was \”wiped out\” after paying $6B in Katrina / Rita claims in 2005. But it\’s first half profits in 2006 are a staggering $2.5 B.
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The article reports Lloyd\’s was \”wiped out\” after paying $6B in Katrina / Rita claims in 2005. But it\’s first half profits in 2006 are a staggering $2.5 B.
So it really wasn\’t wiped out.