A California Department of Transportation technician responsible for crucial seismic tests to ensure the safety of the new San Francisco-Oakland Bay Bridge span is under investigation in connection with testing for major transportation projects throughout the state. The Sacramento Bee …
A new report from A.M. Best examines New Zealand’s non-life insurance market, which it describes as being “in a state of transformation as it grapples with prolonged earthquake activity in addition to regulatory developments.” The report, “New Zealand’s Insurance Market …
When flood waters rose in Thailand, Wal-Mart stores in Japan ran out of mouthwash. “We were out of mouthwash in Japan for about four days,” Scott Price, Wal-Mart’s Asia chief executive officer, said at the APEC business leaders’ summit. “A …
About $6.7 million in earthquake insurance is written annually in Oklahoma, state insurance regulators say. Only about 1 percent of homeowners carry earthquake insurance — earthquake damage typically is not covered in homeowners policies. The recent spate of tremblors in …
Central Oklahoma on Nov. 6 experienced dozens of aftershocks following a magnitude 5.6 earthquake that hit late in the evening on Nov. 5 and the magnitude 4.7 tremblor that occurred earlier on the same day east of Oklahoma City, the …
The Great California ShakeOut earthquake drill has amassed over over 8 million participants, according to its organizers. The event, set for Oct. 20 at 10:20 a.m., has surpassed the 2010 record of 7.9 million registrants, organizers said. “This is now …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has issued a bulletin indicating that Australian and New Zealand insurers, who were hit with “catastrophic events” in 2010 and 2011, had “nearly two-thirds of the losses reinsured.” …
The Independent Insurance Agents & Brokers of New York has issued a timely warning in the wake of the earthquake that struck the east coast yesterday afternoon, which affected many New York residents. The IIABNY reminded consumers that their homeowners …
The Aon Benfield UCL Hazard Centre has launched an introductory guide -“Getting to Grips with Non-Modelled Perils” – on volcanoes, landslides and tsunamis, which highlights the important characteristics that global insurers should know and consider when assessing their risks. It …
It’s been 10 months since the first big earthquake struck New Zealand’s second-largest city. It’s been nearly five months since a far more devastating one killed 181 people and crippled the downtown. And it’s been just a few hours since …
