According to catastrophe risk modeling firm AIR Worldwide the U.S. Geological Survey (USGS) estimated that the earthquake, which struck Costa Rica last week, measured 6.1. The epicenter was located about 35 km (22 miles) northwest of the capital city, San …
Global reinsurance prices firmed for Jan. 1, 2009 renewals and are expected to remain firm for the April through July 2009 renewals, according to the January 2009 “Reinsurance Market Outlook” issued by intermediary Aon Benfield. Aon Benfield said it expects …
According to catastrophe risk modeling firm AIR Worldwide, a series of strong earthquakes shook the West Papua province of Indonesia this past weekend. The U.S. Geological Survey reported that the initial quake measured M7.6 and struck on Saturday, January 3 …
In light of current economic conditions, a major catastrophe such as an earthquake in California would bring new misery to both U.S. and international financiers, according to an analysis released by Impact Forecasting LLC, a division of Aon Benfield, a …
Munich Re has released its annual report on the natural catastrophes that occurred in 2008, which it describes as “one of the most devastating years on record.” 2008’s major catastrophes included a number of tropical cyclones (hurricanes and typhoons) and …
Munich Re has released its analytical report on the natural catastrophes that occurred in 2008, which the reinsurer describes as, “one of the most devastating years on record.” 2008’s major catastrophes included a number of tropical cyclones (hurricanes and typhoons) …
The high frequency and severity of Atlantic hurricanes in 2008, coupled with other weather-related and man-made losses, placed the year among the costliest on record for insured catastrophe losses. That’s according to Guy Carpenter Co., LLC, a global risk and …
The deadly magnitude-6.6 San Simeon earthquake five years ago is still rocking the Central Coast economy. The quake struck the morning of Dec. 22, 2003, causing more than $200 million in damage. Many downtown areas in the hard-hit cities of …
University of South Carolina geographers have produced a map of natural-hazard mortality in the United States. The map, featured in the Dec. 17 issue of the International Journal of Health Geographics, gives a county-level representation of the likelihood of dying …
International insurance watchdogs are working on a system to help safeguard reinsurers’ stability when they are hit by major catastrophes such as hurricanes, regulators said on Wednesday. Big storms such as Hurricane Ike earlier this year, which insurers estimate could …
