Swiss Re has entered into an agreement as sole reinsurer to protect seven prefectures of Guangdong province, China, in partnership with local insurers, led by the People’s Insurance Company of China (PICC) in 2016. The pilot program offers insurance cover …
The two powerful earthquakes that hit central Italy on Oct. 26 are considered aftershocks of the deadly Aug. 24, M6.2 earthquake that occurred near Teramo, which about 50 miles south-southeast of the latest temblors, according to Boston-based catastrophe modeling firm …
Typhoon Haima made landfall in China after it brushed past Hong Kong, forcing the city’s stock exchange to cancel trading for the day and airlines to suspend flights. The Hong Kong Observatory said it will consider lowering Storm Signal No. …
More than 90,000 people were evacuated after Typhoon Haima left vast areas of the Philippines flooded and without electricity as the strongest storm to hit the nation this year heads toward China. Haima, a Category 5 super typhoon before it …
The Philippines raised the storm alert for two northern provinces to its highest level as authorities moved people to safer ground, canceled work and suspended flights before Super Typhoon Haima is due to make landfall as soon as Wednesday night. …
Some five months after the wildfires that devastated Fort McMurray were extinguished, anger over red tape and the slow pace of insurance payouts and permit issuance is flaring in the remote northern Canadian city. More than 1,900 structures were destroyed …
Typhoon Sarika made landfall in eastern Philippines on Sunday after leaving at least two people dead a day earlier, thousands of villagers displaced and hundreds of planes grounded. Locally named Karen, the typhoon weakened after hitting the town of Baler, …
Hurricane Nicole made a direct hit on Bermuda Thursday as the strongest hurricane to affect the Atlantic archipelago in 13 years, according to a report issued by Weather Underground. The storm’s impact on Bermuda has now ended, with the exception …
CCRIF SPC (formerly the Caribbean Catastrophe Risk Insurance Facility) will make payouts of US$29.2 million to CCRIF member countries as a result of damages incurred from Hurricane Matthew. The payouts, which will be made by October 19th, are detailed as …
Hurricane Nicole, which has become a Category 4 hurricane, will continue to lash Bermuda with winds and flooding rain through Thursday, according to a report issued by AccuWeather. As a Category 4 hurricane with sustained winds of between 130 and …
