All News & Briefs articles – Page 2
-
Catastrophe RiskA deceptive quiet: Exposures continue to rise
The final tally for the 2007 hurricane season was 14 named storms, slightly above the long term average, and six hurricanes
-
Catastrophe Risk
Very strong earthquake off Peru
A magnitude 8.0 earthquake occurred near the coast of Peru about 125km SSE of the capital Lima, on 15 August 2007, just as Catastrophe Risk Management was going to press. Initial reports said at least 400 people were killed and 1,500 injured in the Ica-Lima-Pisco area. Extensive damage was ...
-
Catastrophe Risk
Insurance industry civil emergencies protocol
The UK insurance industry has agreed a framework for co-operation in disasters with the police, fire services, local government and aviation accident investigation authorities. The protocol, which covers England and Wales, was put into effect during the summer 2007 floods. The agreement includes the Association of British Insurers, the Chartered ...
-
Catastrophe Risk
International Society of Catastrophe Risk Managers
Only months after its formal launch, the International Society of Catastrophe Managers (ISCM) has nearly 400 members. Since its launch and first conference, held jointly with the Reinsurance Association of America in New Orleans in February 2007, the ISCM held a further conference in London with the RAA and the ...
-
Catastrophe Risk
Cat exposure data standards working group launched
Insurance standards development organisation ACORD has launched a catastrophe exposure data working group. Its aim is to respond to the need for standard catastrophe data reporting throughout the entire insurance chain, from direct insurers to reinsurers and ultimately, capital markets.
-
Catastrophe Risk
Bridge collapse highlights infrastructure concerns
The collapse of a 40 year old motorway bridge over the Mississippi River in Minneapolis, Minnesota, on 1 August 2007 has reinforced concerns about the condition of much of the US highway infrastructure. Four months earlier, the MacArthur Maze interchange which feeds traffic into the San Francisco-Oakland Bay Bridge in ...
-
Catastrophe Risk
Final bill for Hurricane
Hurricane Katrina in 2005 cost the insurance industry $40.6 billion to settle 1.7 billion claims for damage to homes, businesses and vehicles in six states, according to the Insurance Information Institute (III). Hurricane Andrew, the previous record holder, resulted in $15.5 billion in losses in 1992 ($22.2 billion inflation adjusted ...
-
Catastrophe Risk
Saudi Arabia’s first building codes
Saudi Arabia plans to implement its first national building code later in 2007. The Saudi authorities are using the International Building Codes issued in 2003 and 2006 by the International Code Council as the basis for their new code, which will address building risks, especially the threat of earthquakes, ...
-
Catastrophe Risk
Weather extremes across the world
Record extremes in weather and climate have occurred in many regions across the world during 2007, according to the World Meteorological Organization (WMO). WMO said that it is likely that global land surface temperatures in January and April 2007 were the warmest since records began in 1880. They reached 1.89°C ...
-
Catastrophe Risk
Active hurricane season 2007 widely forecast
Hurricane forecasters predict Atlantic basin and US landfalling hurricane activity of 75% above the 1950-2006 norm
-
Catastrophe Risk
Hot weather in 2007
Moderate El Nino could see 2007 become the warmest year on record
-
AnalysisFlood threat in the United Kingdom
The east coast of England is under threat from rising sea levels, the ABI has warned in a report on the coastal flood risk. Existing flood defences must be improved
-
AnalysisCatastrophe bonds
Seventeen new cat bonds were issued during the first 11 months of 2006, adding just over $3.5 bn to the property cat capacity provided by the capital markets.
-
Catastrophe Risk
Hurricane season 2006
Despite portentous forecasts by most hurricane research groups, the 2006 Atlantic hurricane season proved more of a damp squib than a raging repeat of 2005. The death toll was limited to 11, and econo
-
Features
Research on landfalling hurricane winds
Catastrophe modeller AIR Worldwide Corporation (AIR) is to sponsor research by Texas Tech University on the detailed structure of hurricane winds over land.
-
Catastrophe Risk
Cat bonds at record levels
Catastrophe risk securitisations reached record levels during the first eight months of 2006, and more are expected before the end of the year.
-
Features
North east hurricane could cost $65 billion
A north east hurricane hitting New York State could result in insured losses of $65 billion, Lloyd's America President Wendy Baker has warned.
- Previous Page
- Page1
- Page2
- Next Page
