Iceland’s government has agreed to buy all residential properties in the fishing town of Grindavik, which has become uninhabitable after three volcanic eruptions rocked the region in the last two months. Grindavik has been subject to repeated seismic activity since …
Indonesia closed the airport on the tourist island of Bali on Monday and ordered 100,000 residents living near a grumbling volcano spewing columns of ash to evacuate immediately, warning that the first major eruption in 54 years could be “imminent.” …
Climate change will cause more earthquakes. It’s as simple as that. Deniers, start your engines. If that isn’t enough to enflame the smoldering embers of discourse within those ready to pounce on any and all climate change notions they deem …
Lava from one of the world’s most active volcanoes has been advancing at a slower pace the past few days and is now moving parallel to a sparsely populated subdivision on Hawaii’s Big Island. Lava from Kilauea volcano was still …
The Caribbean Catastrophe Risk Insurance Facility (CCRIF) and the Seismic Research Centre (SRC) of The University of the West Indies have entered into a partnership to enhance the Accelerometric Network in the Eastern Caribbean and Jamaica in order to strengthen …
A voice carried across the treeless plateau: “Fire in the hole! The range is now active.” Two dozen people fell silent before a muffled blast sent a geyser-like shower of crushed gravel, limestone and asphalt roughly 50 feet in the …
The Aon Benfield UCL Hazard Centre has launched an introductory guide -“Getting to Grips with Non-Modelled Perils” – on volcanoes, landslides and tsunamis, which highlights the important characteristics that global insurers should know and consider when assessing their risks. It …
Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp., has reported that “catastrophic losses in the first quarter and Solvency II are driving the need for insurers to boost their understanding of non-modeled perils.” As a result …
