If Vulcan Rears His Head

Because so few potential clients are directly threatened by volcanoes, the insurance industry hasn't developed sophisticated models to estimate damage due to cataclysmic eruptions. But sooner or later, a volcano located near a major population center is going to blow, and government cash alone may not be enough to heal the economic wounds. Could the insurance industry fill the void while making a tidy little profit to boot? A pair of British researchers make the case, asserting that it's...