Earthquakes News

Magnitude 6.4 Earthquake Shakes Taiwan; AIR, EQECAT Analysis

Catastrophe risk modeling firms AIR Worldwide and EQECAT have both issued bulletins analyzing the magnitude 6.4 earthquake that struck south central Taiwan Thursday morning at 8:20 a.m. local time. AIR noted that the epicenter “was located about 40 km (25 …

Death Toll from Chilean Quake ‘Unclear’ Says Government

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 …

Fitch Sees Chile Quake Losses Unlikely to Impact P/C Insurance Ratings

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 …

Maritime Terrorism Could Have Global Economic Impact

Singapore said on Friday it had raised alert levels in the city-state and beefed up security at its airport and new casino resorts after a warning of possible attacks on oil tankers in the Malacca Strait. [See IJ web site …

AIR Updates Analysis of Damages from Chile Earthquake

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. …

Chile Steps up Search for Victims in Quake-hit Areas

Chilean rescue crews fanned out with sniffer dogs Wednesday around quake-ravaged cities and villages, some still hoping to find survivors and others to begin the daunting task of recovering the bodies buried under mountains of rubble. Four days after the …

I.I.I.’s Hartwig Contrasts Impact of Chilean, Haitian Earthquakes

Why was he death toll over 200,000 when an earthquake struck Haiti, while so far less than 1000 people have died from the one that struck Chile, which was approximately 500 times more powerful? One of the answers lies in …

Some Scientists Defend Tsunami Warnings

The warning was ominous, its predictions dire: Oceanographers issued a bulletin telling Hawaii and other Pacific islands that a killer wave was heading their way with terrifying force and that “urgent action should be taken to protect lives and property.” …

Catastrophe Firms Analyze, Estimate Losses from Chilean Quake

Catastrophe modeling firms Air Worldwide, Risk Management Solutions and EQECAT have all released preliminary analysis and estimates of the economic and the insured losses from the devastating 8.8 magnitude earthquake that struck Chile over the weekend [See IJ web site …

Nevada Insurance Division Offers Earthquake Coverage Guide

Nevada may be the third most-active state for earthquakes after California and Alaska, but most homeowners don’t purchase earthquake insurance coverage. earthquake country, but what many people In light of Nevada Earthquake Awareness and Preparedness Week (Feb. 22-26), the Division …