Even as the Sony Corp. cyber attack laid bare the kinds of vulnerabilities that typically drive companies to buy insurance policies, the lack of a risk model for insurers means such protection is not always easy to get. Unlike earthquakes, …
Even as the Sony Corp. cyber attack laid bare the kinds of vulnerabilities that typically drive companies to buy insurance policies, the lack of a risk model for insurers means such protection is not always easy to get. Unlike earthquakes, …
Early estimates by catastrophe modeling firms indicate insured losses from Hurricane Gonzalo in Bermuda will come in between $200 and $400 million. EQECAT estimates $300 million in insured losses, about the scale caused by Hurricane Fabian in 2003. Both storms …
Cyclone Hudhud, which hit India’s east coast last week, probably cost insurers $100 million to $400 million, modeling firm AIR Worldwide said. The storm damaged transportation infrastructure, power supply systems and more than 40,000 homes, the Boston-based modeler said today …
A Central Pacific Hurricane Center advisory shows Tropical Storm Ana is located 315 miles south-southwest of Hilo, Hawaii, with maximum sustained winds of 70 mph. While Ana is gradually strengthening, and may achieve hurricane status later today, the storm is …
An ominous storm from the outset, Typhoon Phanfone is now on track to impact large areas of Japan with damaging winds and substantial rainfall, from Osumi and the southeastern coast of Kyushu to Shikoku and Honsh, according to Boston-based catastrophe …
Insured losses from the Aug. 24 earthquake that struck Napa, Calif. will not exceed $250 million, according to a risk management firm. Widespread damage was expected from the 6.0 magnitude event, but there wasn’t much business interruption as most area …
A magnitude 6.0 earthquake struck near Napa, Calif. early Sunday morning is the strongest earthquake to hit the San Francisco Bay area since the 1989 Loma Prieta earthquake, which registered a magnitude 6.9, according to catastrophe modeling firm AIR Worldwide. …
According the catastrophe modeling firm AIR Worldwide, strong winds and heavy rainfall from Typhoon Halong have already arrived on Japan’s Daito Islands (about 320 km [200 miles] east of Okinawa), with reports of maximum sustained surface winds of approximately 139 …
Hurricane Iselle, which has been tracking toward Hawaii since last week, is projected to make landfall on the Big Island of Hawaii Thursday night local time, according the catastrophe modeling firm AIR Worldwide. Iselle has weakened to a Category 1 …
