Fitch Ratings has issued a statement which points out that the “spate of Asia-Pacific catastrophes in the past two years have prompted reinsurers to take stock of their existing portfolio and re-evaluate their underwriting approach and risk appetite.” As a …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, announced that it has expanded its Aon Benfield Research academic and industry research collaboration through a partnership with Ambiental, a “Flood Risk Assessment, Surface Water Drainage and risk …
The Federal Emergency Management Agency is standing by its denial of flood aid for individuals and businesses in northeastern Minnesota. Gov. Mark Dayton’s office says Dayton received word last week from FEMA that the agency has denied his appeal. In …
A second tropical storm in as many weeks battered the northern Philippines on Wednesday, killing at least two people, as forecasters warned that the still-reeling capital could see more flooding. Meanwhile, President Benigno Aquino III scrambled to avert another crisis …
A new storm is dumping more rain in the flood-battered northern Philippines a week after nearly 100 people died in a monsoon deluge that submerged half of the sprawling capital city. Rescuers evacuated flood-prone areas in Manila’s suburban Quezon City …
According to catastrophe modeling firm AIR Worldwide Typhoon Haikui, the 11th typhoon of 2012 Pacific season, made landfall in Hepu Township in Xiangshan County of China’s Zhejiang Province at 3:20 am local time Wednesday, August 8. Maximum sustained winds at …
According to catastrophe modeling firm AIR Worldwide, residents along coastal cities in eastern China are preparing for their third typhoon in less than a week. Just last weekend, two powerful typhoons—Damrey and Saola—came ashore less than 10 hours apart, causing …
Emergency workers and troops rushed food, water and clothes to nearly 850,000 people displaced and marooned from deadly floods spawned by 11 straight days of southwest monsoon rains that soaked the Philippine capital and nearby provinces. About 60 percent of …
The latest report on the world’s catastrophes from Aon Benfield, the global reinsurance intermediary and capital advisor of Aon plc, highlights flooding in China that generated more than $8.3 billion in economic losses across the country in July. Paradoxically the …
Gov. Mark Dayton is raising concerns about the safety and sanitation of northeastern Minnesota homes that were badly damaged by summer flooding and that won’t be covered by federal assistance. Dayton on Wednesday appealed last month’s denial of individual assistance …
