IIt seems likely that tsunami insurance would be easier to get if there were an early warning system. There is one for the Pacific but none for the Indian Ocean.
Australia, which participates in the Pacific warning system, may have been the first country to volunteer (on 27 December) to help set up a tsunami warning system for the Indian Ocean. Since then India has announced it is building one to be operational within 3 years, PM Koizumi has ordered one for Japan, the U.S. has come out in favor of one, Thailand is lobbying to be the location for one, and there's been a meeting in Indonesia about the need for one.
Maybe early warning and tracking systems would be useful for other fields of likely major economic damage.
-jsq
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