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 »
volcanic ash
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 2016: Executive Summary: Volcano Potential in Asia Pacific
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. ... Continue Reading »
Demand for Insurance Solutions Grows as Volcanic Ash Disrupts Supply Chains…Again
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 ... Continue Reading »
