Catastrophe modeling firm AIR Worldwide, a division of Verisk Analytics, announced that its earthquake model for Peru has been officially approved by Peruvian insurance regulator Superintendencia de Banca y Seguros (SBS) to offer catastrophe modeling services to local insurance companies …
Bracing for a tsunami like the one that devastated Japanese communities during a 2011 mega-earthquake, coastal communities from British Columbia to California have been grappling with how to protect people from a similar catastrophe. One of those towns is constructing …
Strong aftershocks rippled through Chile on Thursday after a magnitude 8.3 earthquake that killed at least eight people and slammed powerful waves into coastal towns, forcing more than a million people from their homes. The government ordered evacuations from coastal …
A study says two California coastal cities are at greater risk from tsunamis than previously thought. The study released last week by the American Geophysical Union examined the flooding risk if earthquake faults in the Santa Barbara Channel area ruptured. …
Seaside, Ore. officials have all the checkboxes ready for planning their expansion, public transportation, affordable housing and of course tsunami preparedness. The Daily Astorian reported that the Planning Commission heard public testimony recently on a proposal to amend the city’s …
Japan’s insurance companies are pushing for an average 19 percent increase in earthquake premiums as they reassess risk following the unprecedented magnitude 9 quake four years ago. The increase could come into effect in January 2017, according to the Ministry …
UK regulators have asked property and casualty insurers to stress test their capital reserves against catastrophes, including a synchronized terrorist attack in London, New York and one other major city. The Prudential Regulation Authority (PRA) published the exercises last week …
Birch Bay, Wash. will soon be equipped with a tsunami warning system. The Bellingham Herald reported that the Whatcom County Sheriff’s Office is working with the state to set up an emergency warning system for Birch Bay that would provide …
About 5,500 more people could survive a major tsunami hitting the Pacific Northwest if they just walk a little faster to higher ground after roads are knocked out, a new study shows. The report published Monday in the Proceedings of …
Tim Grafton, chief executive of the Insurance Council of New Zealand, lives in a country surrounded by risk on all sides, and he’s unabashed in his efforts to use flooding events, frequent storms or other out-of-the-usual weather phenomenon as opportunities …
