Fitch Ratings has issued a statement which points out that the “spate of Asia-Pacific catastrophes in the past two years have prompted reinsurers to take stock of their existing portfolio and re-evaluate their underwriting approach and risk appetite.” As a …
Most people would think earthquakes are rare in Arizona. But a new study published by Arizona State University researchers found nearly 1,000 earthquakes rattling the state over a three-year period. A graduate student in ASU’s School of Earth and Space …
Catastrophe risk modeling firm AIR Worldwide announced the expansion of its suite of catastrophe models for Australia “with the release of the industry’s first probabilistic bushfire model and updated tropical cyclone and earthquake models.” Dr. Jayanta Guin, senior vice president …
Catastrophe risk modeling firm AIR Worldwide announced that China Property & Casualty Reinsurance Company Ltd. (CPCR) has licensed its typhoon, earthquake, and multiple-peril crop insurance models for China to better manage its catastrophe risk. “Because of the rapid urbanization in …
As of July 1, 2012, the California Earthquake Authority (CEA) is offering its new Homeowners Choice product line. The new product will give residents greater control over their earthquake insurance premium and the ability to select (or decline) coverage of …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, has released its latest edition of its Global Catastrophe Recap report, which reviews the natural disaster perils that occurred worldwide during the month of May. Published by Impact …
What happens when a series of massive earthquakes hits a five-story medical facility with an intensive care unit, operating room and elevator? Structural engineers at the University of California, San Diego, hope to find out by repeatedly shaking such a …
Yesterday the world held its breath, as two strong earthquakes within hours of each other shook the Indian Ocean sea bed, not far from the epicenter of the quake in 2004, which generated a tsunami that took over a quarter …
Two strong earthquakes in the Indian Ocean, located off the west coast of the Indonesian island of Sumatra, have triggered tsunami warnings across the region. The US Geological Survey (USGS) reported the first quake at 2:38 PM local time [4:38 …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has released the latest edition of its Global Catastrophe Recap report, which reviews the natural disaster perils that occurred worldwide during March. Published by Impact Forecasting, the firm’s …
