July 14, 2015
The Pacific Ocean, named for placidity, is roaring. In the past week, eight tropical systems — and that includes two major typhoons — have formed across the Pacific from China to Mexico. On top of that, another system developed in …
April 17, 2015
The Philippines suffered $13 billion of damage when Super Typhoon Haiyan tore through the country in 2013, a year after another storm killed 1,067. Now, the nation is looking at defraying the costs of future calamities with catastrophe bonds. The …
October 5, 2012
Asian flood losses during the third quarter of 2012 aggregated more than $7.5 billion in economic losses, of which China was the worst hit by two separate flood events that affected several provinces. “The most costly occurred during a six-day …
September 7, 2012
Aon Benfield’s latest edition of its Global Catastrophe Recap report, which reviews the natural disaster perils that occurred worldwide during August, notes that Hurricane Isaac was “the first land falling hurricane along the United States’ Gulf Coast region since 2008.” …
August 3, 2012
According to catastrophe modeling firm AIR Worldwide, Typhoon Saola, the ninth typhoon of the Northwest Pacific storm season, made its first landfall early Thursday morning local time in Hualien, Taiwan. AIR noted that the storm has since “been downgraded to …
July 18, 2012
Catastrophe risk modeling firm AIR Worldwide announced that China Property & Casualty Reinsurance Company Ltd. (CPCR) has licensed its typhoon, earthquake, and multiple-peril crop insurance models for China to better manage its catastrophe risk. “Because of the rapid urbanization in …
July 10, 2012
U.S. severe weather insurance losses were close to $2 billion in June, according to Aon Benfield’s Global Catastrophe Report. Published by Aon’s Impact Forecasting, the report analyzes the natural disaster events that occurred across the United States and worldwide during …
October 7, 2011
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has released the latest edition of its Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during September. Published by Impact Forecasting, the firm’s …
August 29, 2011
Slow-moving Typhoon Nanmadol remained dangerous Sunday despite weakening as it struck the tip of the mountainous northern Philippines, leaving at least eight people dead and scuttling a visit by a U.S. Navy battleship group, officials said. Taiwan issued sea and …
June 29, 2011
Catastrophe risk modeler Eqecat has scheduled July 15 as the date to release three significant revisions to its Worldcatenterprise 3.16 platform. The updates cover Eqecat’s North Atlantic hurricane model, its Canada earthquake model and its Asia typhoon model. These updates …