Trawlermen and insurance risk managers rarely find themselves facing the same problems during the working day, but away from dealing with raging seas or complex mathematical models both groups have complained about proportionality. Or to be exact: its absence.
Proportionality (see below) is a keystone of the European project. Put simply, European Union (EU) legislation applies unless the impact on an entity would be in excess of the legislation's intentions. For open beam trawler men, whose catc
The week on Risk.net, July 14–20, 2017Receive this by email