All Supplement - Catastrophe Risk articles – Page 2
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Catastrophe RiskUS terrorism insurance inquiry
Large, high value urban properties find it hard to find terrorism cover
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FeaturesWho pays for hurricanes?
For decades residential and commercial property insurance policyholders in the United States have had a place to go if they are having difficulty obtaining coverage in the standard market. By Claire Wilkinson
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FeaturesWithstanding the forces of nature
A country’s entire population cannot live in a few select locations that are not vulnerable to natural disasters, but good precautions can make any place more resilient. By Robert Morelli
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FeaturesWorking towards solutions for flood
Since 1980, Europe has suffered 17 catastrophic floods that have done at least $75 billion worth of economic damage in total. Only about 25% of these losses were insured. The devastating and costly events of 2002 and 2007 have spurred searches for better planning, precautions and financial solutions. By Lee ...
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FeaturesWhy flood losses are increasing
Exposure, the governing factor An almost explosive growth in the values of property in flood-prone areas and the much greater vulnerability of the things that people own are the main reasons for rising flood losses. By Wolfgang Kron
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FeaturesInfrastructure deterioration
Many parts of the US infrastructure such as levees, dams, bridges and roads have deteriorated to a point that they may not withstand a catastrophe or the use to which they would be put during a disaster. By Paul Mlakar
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FeaturesEssential criteria for the creation of reliable cyber insurance
If there is valuable data, you can guarantee threats to its security will not be far behind
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FeaturesDifferentiating our view of cat risk
Over estimating catastrophe risks is as bad as underestimating them, as both create additional costs. We must understand risk better than our competitors to grow, decrease costs and maximise returns. By Gero Michel
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Catastrophe RiskSouthern California earthquake drill
A massive earthquake drill is set for November 13 in Los Angeles
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FeaturesThe Black Swan slain
Developing futures scenarios is a strategic risk management technique for considering what could happen in the future and its possible impact on a company’s objectives. The goal is to establish the basis for managing uncertain or unknown events.By Scott Randall
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Catastrophe RiskLooking for small birds in thick growth
Some events that take us by surprise may turn out not to be so unpredictable on reflection
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FeaturesInland flood models available
Catastrophe Risk Management surveyed the three proprietary modelling companies, AIR Worldwide, EQECAT and Risk Management Solutions (RMS) to discover what European inland flood models are available. By Lee Coppack
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Catastrophe RiskModelling flood: Approaches & pitfalls
Modelling flood is a complex undertaking, owing to the numbers of variables that need taken into consideration, but the range of models is gradually growing which, together with improvements in mapping, will increase the confidence of insurers and reinsurers. By Rebecca Cheetham
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Catastrophe RiskFew US homes insured against flood
Mid West flooding expected to cost $20bn but no impact on insurers
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FeaturesStrategic planning to reduce flood impact across Europe
On 26 November 2007, the new European Directive on the assessment and management of flood risks entered into force. For the first time, EU legislation requires its members to plan strategically to reduce the adverse consequences of flood events on human health, economic activities, the environment and cultural heritage. ...
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Catastrophe RiskTornadoes 2008
Insured losses for 2008 have already exceeded losses for the whole of 2007
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Catastrophe RiskDisasters bulletin: 7 March to 25 July 2008
By Professor Bill McGuire of Benfield – UCL Hazard Research Centre
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Catastrophe Risk
Non-traditional markets
A growing feature of the securitisation market in two years has been the development of instruments designed to help manage risk outside the traditional geographical areas
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Catastrophe RiskSubsidence losses set to rise as a result of global warming
Subsidence is a creeping catastrophe.
