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 »
Earthquake
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 »
Volcanic Eruptions: A Complex and Largely Overlooked Risk
Delioma Oramas-Dorta, Catastrophe Risk Analyst Contact 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 ... Continue Reading »
Hawaii Volcanic Activity
Event 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 ... Continue Reading »
Asia Pacific Catastrophe Report 2017: Executive Summary: Losses
Insured losses in Australia and New Zealand were the largest events. The region was also impacted by floods in China, India and Thailand and an earthquake in China. Once again, flood was a major contributor to economic losses in the region, but often in areas where insurance penetration was limited. Flood is difficult for (re)insurers to model, but Guy Carpenter has made ... Continue Reading »
Reinsurance Market Poised to Remain Vibrant Following Recent Catastrophe Events – GC@PCI Commentary
David Priebe, Vice Chairman Contact The recent series of catastrophic events - earthquakes in Mexico, Hurricanes Harvey, Irma and Maria - is reminding cedents that reinsurance is one of the most effective ways to protect corporate capital bases Harvey on its own is likely an earnings event that will probably not require an increase of industry capital; the addition of the ... Continue Reading »
GC Capital Ideas CAT-i Stories: Third Quarter, 2017
Here is a look back at the CAT-i stories covering July through September of 2017. ... Continue Reading »
Catastrophe Events Occurring In North America Recently
Here we review GC Capital Ideas posts on the three most recent catastrophe events occurring in North America within a period of 16 days. ... Continue Reading »
7.1 Mw Earthquake Near Raboso, Mexico
A magnitude (Mw) 7.1 earthquake struck near Raboso, Mexico yesterday, according to the U.S. Geological Survey (USGS). The quake occurred at 1:14 p.m. local time (18:14 UTC), with Mexico City approximately 122 kilometers (75.9 miles) southeast of the epicenter. ... Continue Reading »
8.1 Mw Earthquake Near Pijijiapan, Mexico
A magnitude (Mw) 8.1 earthquake struck in the Pacific Ocean southwest of Pijijiapan, Mexico, according to the U.S. Geological Survey (USGS). The quake occurred at 11:49 p.m. local time (04:49 UTC). ... Continue Reading »
