Engineering experts determined in February that corrosion of the metal cables supporting the Genoa highway bridge had reduced the bridge’s strength by 20 percent – a finding that came months before it collapsed last week, Italian media reported Monday. Despite …
Industry insured losses from the flooding in western Japan caused by excessive rainfall from June 28 to July 8, 2018, will be between JPY284 billion (US$2.6 billion) and JPY423 billion (US$4.0 billion), according to Boston-based catastrophe modeling firm AIR Worldwide. …
The bridge that collapsed in the Italian port city of Genoa was considered a feat of engineering innovation when it was built five decades ago, but it came to require constant maintenance over the years. Its design is now being …
Fallout from the Genoa bridge disaster has erased about $2 billion of net worth from one of Italy’s richest families. The billionaire Benettons control 30.25 percent of Atlantia SpA, the construction company and toll-road owner that operated the Morandi Bridge …
Some 800,000 people have been displaced and over 350 have died in the worst flooding in a century in southern India’s Kerala state, as authorities rushed to bring drinking water to the most affected areas, officials said Sunday. At least …
An engineering study commissioned by Italian highway operator Autostrade last year warned about the state of the concrete-encased cable stays that held up a bridge that collapsed this week in Genoa, two Italian newspapers reported on Friday. Autostrade per l’Italia, …
Global insured losses from natural catastrophes and man-made disasters during the first half of 2018 were US$20 billion, down from US$30 billion in H1 2017, according to Swiss Re Institute’s latest sigma study. On the other hand, during the first …
Italy’s biggest toll-road operator came under heavy stock-market attack on Thursday after Rome criticized it for a deadly bridge collapse this week, moving to revoke its concession and accusing it of failing to ensure the viaduct’s safety. An 80-meter-long section …
Rescuers hunted for survivors among towering slabs of wreckage on Wednesday after a bridge collapse that killed 39, as furious government ministers rounded on the viaduct’s operator, saying it should pay fines and compensation and lose its concession. The 50-year-old …
A bridge on the main highway running down the Italian Mediterranean coast collapsed in Genoa, with the death toll reported to be 35 people while others were trapped in the rubble. A police video showed the viaduct connecting the A10 …
