All Catastrophe Risk articles – Page 2
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Catastrophe RiskHurricane Katrina illustrates potential for even larger disasters
Academic studies are now reinforcing the perception of the growing possibility of economic disaster if a large hurricane hits one or more of the big US metropolitan area
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Catastrophe RiskLloyd’s spells out need to understand unique and complex terrorism threat
Asian terrorism threat is unique, complex and specific to the region, says Lloyd's
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Catastrophe Risk
Catastrophe modelling from a European perspective
The Reinsurance Association of America (RAA) and International Underwriting Association (IUA) will again host the conference in London
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Catastrophe RiskBeyond tropical cyclones
The potential of climate change to alter the frequency or severity of meteorological risks is not exclusive to tropical cyclones. Other storms may also become more intense, and making property resilient is the only way to reduce losses. By Mark Bove
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Catastrophe Risk
Insurance securitizations strengthen record and novel issuance in 2007
Catastrophe bond market momentum intensified in 2007, despite softening prices for traditional reinsurance capacity
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Catastrophe RiskDisasters bulletin: 19 November 2007 – 7 March 2008
By Professor Bill McGuire of Benfield – UCL Hazard Research Centre
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Catastrophe RiskThe Goldfinger catastrophe theorem
James Bond villain Auric Goldfinger explained his approach to causation in the following way: “Once is happenstance. Twice is coincidence. The third time it’s enemy action.”
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Catastrophe RiskDisasters bulletin: 7 August - 19 November 2007
By Professor Bill McGuire of Benfield - UCL Hazard Research Centre
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Catastrophe RiskA global earthquake model
A project to develop a uniform, worldwide earthquake model begins in early 2008 under the auspices of the OECD Global Science Forum
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Catastrophe RiskFallout continues from UK floods
Verbal skirmishes have continued between the Association of British Insurers (ABI) and the UK Government as a result of the £3 billion 2007 summer floods
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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
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Catastrophe RiskWorld Records, Catastrophes and Extreme Value Theory
For curiosity or betting or for insurance and risk management purposes, we often require estimates of how ‘extreme' the values might be over a given time period. By John Birkenhead
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Catastrophe RiskString theory and catastrophe risks
The application of intellectual energy to the greatest puzzles, such as the origin of the universe, produces such imagination straining explanations as string theory
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Catastrophe RiskThe US Locations Most Vulnerable to Hurricanes
The entire East and Gulf Coasts of the United States are subject to hurricane damage, but some places are especially vulnerable.
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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 ...
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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 ...
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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 ...
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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.
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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 ...
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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 ...
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