A series of small earthquakes rattled a rural area of Northern California overnight. The U.S. Geological Survey says a magnitude-4.7 quake struck at 9:55 p.m. Wednesday about 20 miles east of Janesville in Lassen County. It was followed within minutes …
The U.S. Geological Survey confirmed two magnitude 3.1 earthquakes recently shook the Reno, Nev. area. The Nevada Seismological Laboratory at the University of Nevada, Reno, says the epicenter was about 3.7 miles north-northeast of Galena High School. The USGS says …
The impact of catastrophes, large loss activity and foreign exchange movements are expected to bring an underwriting loss for Chaucer in the second quarter, when it will report a combined ratio in the range of 103 to 105 percent, according …
XL Group Plc, the insurer that expanded last year with the purchase of Catlin Group Ltd., said second-quarter catastrophe costs were probably about $240 million pretax, with wildfires in Alberta, Canada, responsible for about half the total. Flooding in Europe …
Economic losses caused by natural catastrophes in the first half of 2016 totaled US$70 billion, a significant increase from the $59 billion reported for the first half of last year, according to a loss review issued by Munich Re. While …
Property/casualty losses arising from construction defects, earthquakes, hurricanes, floods, fires, industrial accidents, tornadoes or any number of other perils can strike at almost any time. When they do, the impacts to a business can be crippling, and managing the operational, …
A new study by researchers at the University of Texas at Austin concludes that human activity has been a factor in earthquakes throughout the state for nearly 100 years. The study conclusions are in a paper to be published in …
The global economy suffered the worst April natural disaster losses for five years, according to Impact Forecasting, Aon Benfield’s catastrophe model development team. Earthquakes, convective storms and flooding contributed to the worldwide devastation, said Impact Forecasting, noting that a significant …
Ecuador will temporarily increase some taxes, sell assets, and may issue new bonds on the international market to fund a multi-billion dollar reconstruction after a devastating 7.8 magnitude quake, a somber President Rafael Correa said on Wednesday [April 20]. The …
An earthquake that struck southern Japan on April 16 will probably cost insurers as much as 320 billion yen ($2.9 billion), according to catastrophe modeler AIR Worldwide. The cost might be as low as 180 billion yen, the company said …
