The other big offshore insurance centre, Bermuda, specialises in property-and-casualty insurance and reinsurance, mainly for hurricane risk in America.
According to the National Hurricane Center, Imelda is expected to become a hurricane by tomorrow, as it parallels Florida's Atlantic coast, before making an abrupt turn eastward into open water towards Bermuda.
In the 1960s, they did an experiment where they set off a loud noise off the coast of Perth,Australia,and they detected it as far away as Bermuda,20,000 kilometers away.