March 11, 2010
Sebastian Pinera’s inauguration as Chile’s new president was accompanied by a blunt reminder of the peril the country faces from earthquakes as two large aftershocks struck just before the ceremony According to a preliminary analysis from Risk Management Solutions a …
March 10, 2010
Swiss Re released its preliminary estimates for losses from the magnitude 8.8 earthquake that hit Chile on February 27 – $500 million – and from European windstorm Xynthia – $100 million. Both estimates are “net of the benefits of retrocession.” …
March 10, 2010
Last month’s huge earthquake in Chile might cost the insurance industry up to $7 billion in damage claims, the world’s top two reinsurers said, but it looks unlikely to raise reinsurance prices. World leader Munich Re said it expected the …
March 10, 2010
The chance of a significant earthquake rocking the Reno-Sparks, Nev., area over the next half century is on the rise, with a 67 percent likelihood a magnitude 6.0 will strike within 31 miles by 2060, a new report said. That’s …
March 9, 2010
Bermuda-based PartnerRe Ltd has issued preliminary estimates of expected claims from the earthquake in Chile and European Windstorm Xynthia. Total insured industry losses from the M8.8 earthquake in Chile, which hit on February 27, 2010, “will be in the range …
March 8, 2010
Utah schools would be sized up to see how they would fare in the event of a major earthquake under a bill passed by the state House. The House, on a 50-18 vote, sent House Bill 72 to the Senate …
March 7, 2010
February was a short month, but a deadly one. In addition to a massive earthquake in Chile, the Northeastern U.S. was hit by three blizzards; floods and mudslides ravaged the Portuguese island of Madeira and beleaguered Haiti, and a violent …
March 5, 2010
Chile’s government said Thursday that the death toll from a massive weekend earthquake and ensuing tsunamis was unclear because of confusion over the number of people who disappeared and whether they were dead. The government said it had formally identified …
March 5, 2010
Based on preliminary analysis, Fitch Ratings said it believes that the Chilean P/C insurance industry “will likely be able to absorb losses from the earthquake and Tsunami that hit the central-south part of Chile on Feb. 27.” However, Fitch added …
March 4, 2010
According to catastrophe risk modeling firm AIR Worldwide, a more complete picture of damages is beginning to emerge in the hardest-hit regions of Bio Bio and Maule, four days after the devastating Mw8.8 earthquake struck off of Chile’s central coast. …