Heavy rainfall across south eastern parts of the United States over the first half of this week resulted in several fatalities and extensive damage to property and infrastructure. Georgia has been the worst affected state. According to the State Insurance Commissioner, the flooding in Georgia has claimed nine lives and caused around USD250 million in damage to property and tens ... Continue Reading »
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Week’s Top Stories: Feb 20, 2010 – Feb 26, 2010
Higher Pressure on Cat Risk Under Solvency II, Part II: (Partial) Internal Model Approach and Conclusion: The objective of these articles is to provide, based on a review of CEIOPS' recent papers, a summary of how non-life cat risks are likely to be quantitatively assessed under Solvency II. (Re)insurers may develop their own calculation processes within full or partial i ... Continue Reading »
Week’s Top Stories: Feb 13, 2010 – Feb 19, 2010
Catastrophe Bond Market Continues to Improve: Despite the challenging financial conditions of late 2008 and early 2009, the catastrophe bond market continued to play a critical role for both sponsors and investors over the past 12 months. Throughout the year, as financial markets stabilized generally, catastrophe bond issuance conditions continued to improve. In 2009 USD3.4 ... Continue Reading »
Mw 6.7 Earthquake – Near Coquimbo, Chile
A magnitude (Mw) 6.7 earthquake was reported near Coquimbo, Chile around 01:32 UTC January 20, according to the U.S. Geological Survey (USGS). The epicenter was located at a depth of 53 km (33 miles) and about 15 km (9 miles) SSW of Coquimbo, Chile, between the regions of Atacama and O’Higgins. Media reports to date indicate variable damage to property and infrastructure, a ... Continue Reading »
Mw 7.0 Earthquake – Near Anchorage, Alaska
A magnitude (Mw) 7.0 earthquake was reported near Anchorage, Alaska around 17:29 UTC on November 30 (8:29 local time), according to the U.S. Geological Survey (USGS). The epicenter was located at a depth of 44.1 km and about 12.9 km (8.0 miles) north of Anchorage, Alaska. A tsunami warning was issued but later lifted by the U.S. National Weather Service. Initial media ... Continue Reading »
Week’s Top Stories: October 13 – 19, 2018
Hurricane Michael: Hurricane Michael made landfall on October 10 as a high-end Category-4 hurricane on the Florida Panhandle, with maximum sustained winds of 155 mph. The storm rendered severe to complete damage to areas from Panama City to Port Saint Joe, with especially severe damage in Mexico Beach due to severe wind and storm surge. Read the article >> Real-Time ... Continue Reading »
Mw 6.6 Earthquake – Iburi, Hokkaido
A magnitude (Mw) 6.6 earthquake struck the island of Hokkaido in northern Japan at 18:07 UTC on September 5 (03.07 JST on September 6), according to the U.S. Geological Survey (USGS). The epicenter was located at a depth of 33.4 km in the Iburi Subprefecture, about 20 km east of the coastal city of Tomakomai and 62 km southeast of Sapporo. No tsunami warning was issued. The ... Continue Reading »
Hurricane Nate
Hurricane Nate made landfall on October 7 near the mouth of the Mississippi river and then near Biloxi, Mississippi as a Category 1 hurricane on the Saffir-Simpson Scale. Maximum sustained winds at landfall were 85 mph, according to the National Hurricane Center (NHC). Nate is the fourth hurricane to make U.S. landfall in the past two months and the first hurricane to make ... Continue Reading »
Hurricane Irma – Update
Hurricane Irma was a large and destructive storm that rendered impacts to most of the Southeast United States including the Florida Keys as well as areas of the Caribbean. Impacts for areas of the Northern Leeward Islands and the Virgin Islands, as well as northern Cuba have been especially severe. For the United States, the most severe impacts have been in the Florida Keys due ... Continue Reading »
Hurricane Irma
Hurricane Irma affected areas of the Caribbean and northern Cuba as a Category 5 hurricane on the Saffir-Simpson Scale, while also passing near Puerto Rico and the Dominican Republic. Impacts in areas of the northern Leeward Islands and northern Cuba have been especially severe. While affecting northern Cuba, Irma weakened to a Category 3 hurricane before turning north towards ... Continue Reading »
