January 29, 2010
Risk Management Solutions has released a report on the impact of the earthquake that struck near the Haitian capital Port-au-Prince on January 12. The 7.0 magnitude quake destroyed much of the city and surrounding areas. However, as RMS notes, “only …
January 28, 2010
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) has paid the Government of Haiti US $7,753,579 following the Magnitude 7.0 earthquake which struck close to Port-au-Prince on January 12, causing damage of catastrophic proportions. The payment is the “full amount due …
January 27, 2010
Munich Re posted a statutory notice on Tuesday announcing that Berkshire Hathaway’s stake in the company rose to 3.045 percent on January 18, just above the level at which such holdings must be disclosed. “Warren Buffett is an expert at …
January 24, 2010
Frozen Florida “The reports we are getting tell us there is frozen fruit as well as twig and leaf damage out there now it may be days or weeks until we figure out whether there is long-term tree damage. All …
January 24, 2010
20% Percentage of Oregonians who have earthquake insurance, according to a state Department of Consumer and Business Services survey. Jan. 26 marks the 310th anniversary of the last, great Cascadia Subduction Zone earthquake. This magnitude 9.0 earthquake was centered about …
January 24, 2010
January renewals showed signs of softening as reinsurers benefited from improved financial markets plus a lack of natural catastrophe claims in 2009. The three largest global reinsurance brokers – Aon Benfield, Guy Carpenter & Co. and Willis Re – said …
January 24, 2010
The tragedy in Haiti is a reminder of how fragile life can be in developing countries.Despite the massive loss of life and widespread destruction in and around the capital Port-au-Prince, vital rescue efforts have been hampered by a lack of …
January 20, 2010
Caribbean Risk Managers Ltd. (CaribRM) has published an updated report on the earthquake in Haiti, which gives precise details concerning the unfolding of the event. It continues with an examination of the damages it caused, both on the ground and …
January 19, 2010
Although Oregon is among the states at highest risk for a major earthquake, only about 20 percent of Oregonians have earthquake insurance, according to a Department of Consumer and Business Services (DCBS) survey. “Consumers may want to think about their …
January 15, 2010
The World Economic Forum released Global Risks 2010, its annual report on the most significant global risks facing the global economy, in a presentation held at Marsh’s London office. The report, which the WEF has prepared in each of the …