The death toll from an earthquake in the mountainous Tibetan plateau in southwestern China has reached about 300, with more than 8,000 injured, state television reported on Wednesday, quoting a government official.
There are no reports of damage from a minor earthquake that struck Southwest Virginia. The National Geological Survey’s Web site says the 2.5-magnitude temblor struck at 12:12 a.m. Tuesday. The epicenter was 8 miles northwest of Richlands and 7 miles …
Catastrophe bond issuance conditions saw sustained improvement in the first quarter of 2010, reflecting the increase in prominence of the insurance linked securities (ILS) asset class. Despite the continued improvement in market conditions, however, catastrophe bond issuance relative to the …
The U.S. Geological Survey has recorded another earthquake in central Oklahoma, and an additional one in central Arkansas as well. A 3.2 magnitude earthquake was recorded at 7:42 a.m. April 8 about two miles southwest of Jones – about 10 …
The aging of Europe may open opportunities to sell savings products, but it also spells a real threat to parts of the financial services industry. Pensions experts call it the “toxic tail.” Like the subprime crisis faced by by banks …
The 2010 Atlantic hurricane season will produce an above-average eight hurricanes, four of them major, posing a heightened threat to the U.S. coastline, the Colorado State University hurricane forecasting team predicted Wednesday. In its second forecast in four months for …
A major earthquake of 7.8 magnitude shook the northwestern coast of the Indonesian island of Sumatra, the U.S. Geological Survey said on Tuesday. A local tsunami watch was in effect for Indonesia, the Pacific Tsunami Warning Center said. “A destructive …
Damage estimates from Sunday’s 7.2 magnitude earthquake in Mexico, just south of California, are not expected to exceed $1 billion, and insured losses should not exceed $300 million, according to risk modeling firm EQECAT. Sunday’s quake struck about 19 miles …
A 7.2-magnitude quake struck at 3:40 p.m. on April 4, 2010 about 19 miles southeast of Mexicali, about 16 miles from Baja, Calif., according to the U.S. Geological Survey. The epicenter was located about 75 kilometers south of the Mexico-USA …
Why a Captive Solution Might Grow Your Hospitality Book, and Revenue Too Hospitality owners have concerns with retaining risk that they cannot transfer to the insurance market and owners are looking for legitimate ways to preserve their firms’ assets or …
