California Gov. Arnold Schwarzenegger has declared a state of emergency in the Northern California county struck by a weekend earthquake, saying damage from the magnitude-6.5 temblor was expected to top $28 million. Saturday’s quake “disrupted utilities and caused damage to …
Wall Street’s chiefs acknowledged taking on “too much risk” and having “choked” on their own cooking, but stopped short of an apology as they sparred with a commission looking into the financial crisis. The first public hearing of the Financial …
Troops and planeloads of food and medicine trickled in to Haiti Thursday to aid a traumatized nation still rattled by aftershocks from the catastrophic earthquake that flattened homes and government buildings and buried countless people. The Haitian Red Cross said …
Haiti’s private insurance market is very small but its government did provide a level of insurance coverage to its citizens by participating in a regional risk sharing pool. “Haiti is the poorest country in the Western Hemisphere and poor countries …
A massive earthquake, initially estimated at around 7.0 on the Richter scale, struck Haiti just before 5:00 p.m. local time yesterday afternoon. So far no estimates of the loss of life and the structural damages have been made, but they …
The earthquake that struck Haiti may have caused hundreds of millions of dollars in damages, according to risk assessor Eqecat, which will likely lead to losses even for insurers of well-designed buildings. Eqecat said Tuesday hours after the magnitude 7.0 …
The insurance industry is unlikely to face large losses from a major earthquake that struck Haiti Tuesday, because many properties in the impoverished country lack insurance coverage, according to catastrophe modeler Risk Management Solutions. “The impact to the insurance industry …
Traumatized Haitians slept out in parks and streets Thursday, fearing aftershocks to the catastrophic earthquake that flattened homes and government buildings and buried countless people. Tens of thousands of people were feared dead and many were believed to be still …
Companies pledged millions of dollars in aid Wednesday to help victims of a powerful earthquake in Haiti that devastated much of the impoverished country’s capital and killed thousands. Digicel Group, a top mobile phone operator in Haiti, said it would …
A 6.5 magnitude earthquake struck off the coast of Northern California on Jan. 9, shaking buildings south of the Oregon border and knocking out power in several coastal communities. The quake hit at about 4:27 p.m. PST about 22 miles …
