Munich Re, working with Aon, has arranged a securitization for Japanese insurer Zenkyoren, the National Mutual Insurance Federation of Agricultural Cooperatives, through Muteki Ltd., an exempted company in the Cayman Islands, to transfer Japanese earthquake risks to the capital markets. …
Fitch Ratings has issued a bulletin from its Hong Kong/Singapore offices indicating that “based on preliminary estimates, the earthquake in China is not expected to have a material impact on the balance sheets of the Hong Kong-listed Chinese insurance companies.” …
As the magnitude of the earthquake that struck China’s Sichuan Province on Monday, and the extent of the damage it caused, becomes more apparent, the loss estimates from the quake have escalated rapidly. Risk Management Solutions most recent analysis now …
Catastrophe risk modeling firm AIR Worldwide has issued an estimate that total losses to insured and uninsured property from the M7.9 earthquake that struck near Chengdu, China will likely exceed RMB 140 billion ($20 billion). AIR estimated that insured losses …
A report from Risk Management Solutions on the 7.5 magnitude earthquake that struck China’s Sichuan province on Monday reports that “over 7,000 casualties had been reported. More than 100 fatalities occurred from the collapse of a school in Dujiangyan City, …
Officials with the National Weather Service in Memphis and Lee County E-911 say an earthquake caused no injuries after it hit the Belden, Miss. area on May 10. A dispatcher for 911, Tanya Mayo, says the earthquake registered a magnitude …
Some Iowa cities have earlthquake coverage so it was not that surprising that city leaders in Johnston are considering earthquake insurance in the wake of two tremors this spring in Illinois and Missouri. City Finance Director Theresa Rotschafer says earthquake …
An earthquake with a magnitude of 7.5 struck China’s Sichuan province on Monday, less than 100 km (60 miles) from the provincial capital of Chengdu, the U.S. Geological Survey said on its web site. The quake was felt across much …
AIR Worldwide has released an analysis of a strong earthquake that struck just off the Japanese island of Honshu on Wednesday. The trembler rattled buildings in downtown Tokyo and briefly cut power to thousands of residents 48 kilometers to Tokyo’s …
Cyclone Nargis, which made landfall in the Irrawaddy delta region in Myanmar (Burma) on Saturday, is likely to become the third most deadly event so far in the 21st century (after the 2004 tsunami and – so far – the …
