Sri Lanka News

Killer Tsunamis and the Marine Insurance Market

Early in the morning on Dec. 26, 2004, opposing subterranean tectonic plates deep beneath the Indian Ocean floor shifted in violent unison along a line about 300 miles long. The energy released was on par with a 50-kiloton atomic bomb, …

Industry Responds to Relief Efforts for Southeast Asia Tsunami Victims

The Southeast Asia tsunami disaster has affected the lives and hearts of people throughout the world. What can only be described as one the worst natural disasters in history has led to an estimated death toll of 226,000, and countless …

Tsunami Losses Less Than $4B Reports RMS

Risk Management Solutions (RMS) has announced estimates that insured losses from the 2004 Southeast Asia earthquake and tsunami will be less than $4 billion, based on the information available within the first three weeks after the disaster. The disaster has …

The Asian Catastrophe: An Unprecedented Event Evokes a Global Response

Certain events mark each generation, but as the scope of the disaster that struck 12 countries around the Indian Ocean on Dec. 26 emerges, it has become evident that it will haunt not just the present generation, but many future …

Southeast Asia Tsunami Caused Havoc on Marine Fisheries, Aquaculture Infrastructure

The tsunami waves have had a devastating impact on the fisheries sector in many countries of the Indian Ocean, the Food and Agriculture Organization of the United Nations (FAO) said Thursday. In Sri Lanka, more than 7,500 fishers have been …

Tsunami Death Toll Rises as Indonesian Casualties Increase

As U.N. Secretary-General Kofi Annan toured the devastation on tsunami-battered Sumatra island Friday, officials raised the Indonesian death toll by 7,000. The added deaths brought the total killed in the Dec. 26 earthquake and tsunamis in several countries to more …

U.S. Death Toll in Tsunami Disaster Rises to 36; Aid Continues to Arrive in Stricken Areas

The American death toll from last month’s killer earthquake and tsunamis in Southeast Asia was reportedly increasing to 36 on Wednesday as officials added 20 more presumed dead to the list of 16 already confirmed. According to State Department officials, …

Runway Accident, Rains Hamper Relief Efforts

Even as countries around the globe continued to bolster relief efforts (See Headline), the world was reminded that chance and the weather sometimes conspire against the best of intentions. The airport at Banda Aceh on the Indonesian Island of Sumatra …

Allianz Announces Asia Relief Efforts

Germany’s Allianz joined a growing list of insurance companies that are contributing to relief efforts in Southeast Asia. The company announced that it would donate 1 million euros ($1.36 million) and would reveal further details of its plans in the …

Starr Foundation to Donate $2.5 Million for Asian Disaster Recovery Efforts

The Starr Foundation, a charitable trust managed by AIG, announced that it will donate $2.5 million to disaster recovery and humanitarian efforts in the wake of the December 26 earthquake and tsunamis in Southeast Asia. Individual donations have been earmarked …