Volcanos News

Aon Benfield Broadens Academic, Industry Research Collaboration

Aon Benfield announced that it is “broadening its capabilities and bringing together its academic and industry research relationships under one banner – Aon Benfield Research.” Aon said the team will deliver “relevant research material and help re/insurers enhance their understanding …

Airline Industry Group Blasts Europe’s Handling of Volcanic Ash

European aviation authorities urgently need to revise their airspace rules to minimize disruption from ash emitted by an Icelandic volcano, the airline industry body IATA said on Tuesday. The International Air Transport Association said the current system was leading to …

U.S. Being Bankrupted By Disasters, Professor Tells Federal Reserve

America is emerging from a deep recession caused by financial messes on Wall Street, but Dr. J. David Rogers says the Federal Reserve is still being bankrupted by natural disasters. “The National Flood Insurance Program was bankrupted by Katrina and …

Volcanic Ash Grounds European Flights

Volcanic ash from Iceland caused widespread disruption at airports in Britain and other parts of northern Europe on Monday, grounding 1,000 flights and delaying hundreds of thousands of passengers, aviation officials said. Eurocontrol, the European air traffic agency, said Britain …

Marsh: Ash Clouds, Strikes Increasing Demand for “Non-physical’ Coverage

“Traditionally, insurance coverage for supply chain disruption has required physical damage to the insured’s assets to trigger a claim,” Marsh points out. However, recent events have increased interest from a number of organizations in protecting themselves from “non-physical damages.” The …

Out of Business

Ash spewing from an Iceland volcano halted air travel and countless business meetings and deals across Europe. In Times Square, hotels and businesses were shut down after a bomb was discovered in an abandoned car along Broadway. All around the …

Out of Business

Ash spewing from an Iceland volcano halted air travel and countless business meetings and deals across Europe. In Times Square, hotels and businesses were shut down after a bomb was discovered in an abandoned car along Broadway. All around the …

Out of Business

Ash spewing from an Iceland volcano halted air travel and countless business meetings and deals across Europe. In Times Square, hotels and businesses were shut down after a bomb was discovered in an abandoned car along Broadway. All around the …

Willis Research Warns of Costly Consequences of Volcanic Eruptions

The world’s attention has been focused on the plumes of ash that continue to rise into the sky from the Eyjafjallajökull volcano in Iceland. The microscopic grit in the ash cloud poses an ongoing threat to aircraft, and has caused …

Tardy Greek Debt Bailout Spreads Financial Crisis beyond Europe

Last weekend the leaders of the European Union finally realized that their dithering over a financial aid package for Greece had imperiled the entire continent’s financial structure. They acted to stem the tide by adopting – subject as usual to …