Posts Tagged ‘volcanic ash’



June 25th, 2018

Volcanic Eruptions: A Complex and Largely Overlooked Risk

Posted at 1:00 AM ET

Delioma Oramas-Dorta, Catastrophe Risk Analyst

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Volcanic eruptions are complex phenomena that may affect populations and economies in ways we may not be familiar with. Large volcanic eruptions can spew ash spreading hundreds or even thousands of kilometers; and deposited ash may damage buildings at different levels, from catastrophic structural damage in extreme cases of significant ash fall accumulation, to abrasion or corrosion of nonstructural elements such as roofs, gutters and cladding.

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May 9th, 2018

Hawaii Volcanic Activity

Posted at 2:00 AM ET

hawaii1Event Summary

On Thursday, May 3, the Island of Hawaii experienced an eruption in the Kilauea volcano summit. Two large earthquakes occurred the following day among hundreds of smaller quakes and some large aftershocks. There have been a total of 10 fissures confirmed so far by the County of Hawaii, with an estimated 387,000 square feet of lava spread. At least 35 structures have been destroyed according to the Government of Hawaii, and evacuations have affected at least 1,700 people. The most severely affected area is the Leilani Estates Subdivision, which is located directly in the Lower East Rift Zone. It is too early to estimate the scope and severity of impacts, and our first thoughts and concerns are with those directly affected by this active event.

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November 14th, 2016

Asia Pacific Catastrophe Report 2016: Executive Summary: Volcano Potential in Asia Pacific

Posted at 1:00 AM ET

bromo-volcano-east-java-indonesia-sm

Later in 2016, Guy Carpenter plans to release a report on the potential for losses caused by volcanic eruption across the region and the implications from an insurance point of view.

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June 2nd, 2010

Demand for Insurance Solutions Grows as Volcanic Ash Disrupts Supply Chains…Again

Posted at 1:00 AM ET

Traditionally, insurance coverage for supply chain disruption has required physical damage to the insured’s assets to trigger a claim. However, following ongoing air traffic disruption caused by the eruption of Iceland’s Eyjafjallajökull volcano, as well as industrial action in key transport sectors and civil unrest overseas, Guy Carpenter sister company Marsh has seen increased interest from organizations wanting supply chain insurance that includes coverage for losses from non-physical damage.

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