Hurricane Ida will likely become one of the costliest U.S. mainland hurricanes on record both on a nominal and inflation-adjusted basis, according to Aon’s monthly Global Catastrophe Recap report, which evaluated the impact of natural disaster events worldwide during August …
CCRIF SPC, the Cayman Islands-based parametric catastrophe facility, will pay approximately US$40 million to the government of Haiti, following the devastating magnitude 7.2 earthquake, which struck the Caribbean island on Aug. 14, significantly affecting the city of Les Cayes. This …
Earthquakes have been wreaking havoc in Haiti since at least the 18th century, when the city of Port-au-Prince was destroyed twice in 19 years. Saturday’s powerful quake killed hundreds and injured thousands more. Eleven years earlier a temblor killed tens …
The large 7.2 magnitude earthquake, which hit Haiti on Aug. 14, is likely to cost insurers around $250 million, according to catastrophe modeling firm Karen Clark & Co. (KCC). While the insured losses from this event are estimated at $250 …
LES CAYES, Haiti – Heavy rains lashed Haiti on Tuesday night, complicating rescue efforts and drenching thousands left homeless by a devastating earthquake that killed at least 1,419 people, as hopes dimmed for survivors. Tropical Depression Grace churned over the …
The U.S. deployed search and rescue teams to help find survivors among the debris of collapsed buildings in Haiti as the death toll soars from Saturday’s massive earthquake. At least 1,297 people were killed after the 7.2-magnitude quake struck off …
The Keane Insurance Group in St. Louis, Missouri, has received the ProAssurance 2017 Philanthropic Award. The award was presented to John Keane, president of The Keane Group, and Brian Dames, COO, at ProAssurance’s 2017 Leadership Circle meeting in North Carolina …
Haiti and the neighboring Dominican Republic could be in for a period of periodic powerful earthquakes, according to a recent scientific study. The study says Haiti’s 7.0-magnitude earthquake two years ago is likely to be the first of several quakes …
