IN earlier columns, we talked about how risks are managed, and given the continuing hard reinsurance market, evidenced by shrinking capacity and the increased cost of reinsurance protection, it may be a good idea to take stock of what the insuring public can do to help themselves.

There are five generally accepted risk-handling methods, and let us review them and see what method we can use to help us face natural catastrophe risks (Nat Cat) such as typhoons, earthquakes and floods.

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