Magnitude of insurance claims still almost impossible to measure

IN THE underwriting room of the world’s biggest insurance market, Lloyd’s of London, hangs the Lutine Bell which rings once for world disasters. Tradition dictates that the bell is rung in memory of the victims after a disaster stops evolving. A week after the devastating 9.0-scale Japanese earthquake that shut down nuclear reactors and threatens a nuclear meltdown, the bell has yet to toll at the Lloyd’s headquarters in Lime Street, London.