All Features articles – Page 2

  • Features

    Perspective on financial terrorism and insurance

    2008-04-01T00:00:00Z

    With thousands of properties spread across the globe, HSBC has a significant exposure to terrorism and experience of damage to its City of London offices from an Irish Republican Army (IRA) bomb in 1993. By Peter Walker

  • Features

    Exposures: An industry solution at last?

    2008-04-01T00:00:00Z

    The insurance industry is continuing its efforts to agree a standard for catastrophe exposure data. By Puneet Bhara

  • Features

    No more easy oil

    2008-04-01T00:00:00Z

    The development of deep water fields, often in remote locations lacking infrastructure, poses new challenges to the offshore energy industry, which must operate facilities safely over 20 to 30 years in harsh environmental conditions. By Phil Thomas and David Brown

  • Features

    The financial consequences of natural disasters

    2008-04-01T00:00:00Z

    There is significant value for the public sector to shift from a disaster relief approach – looking for financial support after an event – to one which includes the accumulation of funds and the spreading of risks before a loss occurs. By Reto Schnarwiler

  • Features

    How do coastal cities fare under rising flood risk?

    2008-04-01T00:00:00Z

    Rising sea levels will amplify the flood risk in coastal cities like Miami, New York, Rotterdam and Guangzhou, while population increase and economic growth will increase the value of the assets at risk to new levels By Celine Herweijer and others

  • Features

    Will changes in climate increase insured losses

    2008-04-01T00:00:00Z

    The general effects of a global temperature increase they may contribute to a decrease in property risk in some places, while increasing it at others. By Dance Zurovac-Jevtic, Rebecca Cheetham and Caroline Daniell

  • Features

    An engineer looks at cat models

    2008-04-01T00:00:00Z

    Siamak Daneshvaran, senior vice president and director of engineering for Aon Re’s Impact Forecasting, talks to Catastrophe Risk Management. By Lee Coppack

  • Features

    Business interruption in the land of earthquakes

    2008-04-01T00:00:00Z

    A large Japanese earthquake could have a devastating effect on the continuity of critical industries in the country and their earnings. By Dennis Kuzak and Masanori Kobayashi

  • Features

    Bringing brush fire risk under control

    2008-04-01T00:00:00Z

    In the last decade US brush fire exposures have nearly tripled and the frequency of such events is clearly on the rise. By Amy Block

  • Features

    The Hayward fault: Is it America’s most dangerous?

    2008-04-01T00:00:00Z

    A repeat of the 1868 Hayward fault California earthquake today would have enormous consequences. Property worth more than $500 billion and approximately 5 million people in six surrounding counties would suffer badly from such a quake. By Thomas Brocher and other members of the 1868 Hayward Earthquake Alliance

  • Features

    Talking about modelling

    2008-04-01T00:00:00Z

    The cost of homeowners’ insurance is a very sensitive subject in US coastal states, and the role that catastrophe models may play in helping underwriters determine rates is bringing them under increasing scrutiny from politicians. By Lee Coppack

  • Features

    UK flood claim and counter-claim

    2008-03-06T00:00:00Z

    There have been times in the past year when the British public have witnessed scenes like those gunfighters at the OK Corral where insurers have stood their ground and called on Parliament to do something about flooding – or else. By Sam Elliott

  • Features

    Risks and Opportunities of Nanotechnology

    2007-12-14T00:00:00Z

    Building materials incorporating nano-particles may better withstand extreme events, but insurers worry about the liability implications of nanotechnology

  • Features

    UK Summer Floods Highlight Gaps in Flood Maps

    2007-12-14T00:00:00Z

    Flood maps in the United Kingdom provide a good overview and are relatively comprehensive compared to flood maps for other countries, which tend to focus mainly on high risk areas. However, the summer 2007 floods highlighted a need for more information on urban and rural drainage, small rivers and ...

  • Features

    Post-Katrina Litigation, Shows Need for Clarity

    2007-12-14T00:00:00Z

    Hurricane Katrina was the single largest loss in the history of the insurance industry. Its place in the annals of insurance is also secure by virtue of it being the single most litigated loss on record. By Claire Wilkinson

  • Features

    From Chaos Theory to Commodities

    2007-12-14T00:00:00Z

    Isla Gilmour is a meteorologist who advises commodities traders on the impact of weather on their business. She talks to Catastrophe Risk Management about how science supports this important market. By Lee Coppack

  • Features

    Public Cat Schemes: Kittens Everywhere You Look!

    2007-12-14T00:00:00Z

    Although the history of government insurance purchase for catastrophe risks is much shorter than that of the private sector, it is growing fast, as evidenced by the number of new schemes worldwide and the interest they have sparked in neighbouring countries. There are also clear trends in the development of ...

  • Features

    Getting a Handle on Cargo

    2007-12-14T00:00:00Z

    Cargo accumulations. Hard to understand. Harder still to quantify. Until now. By Herbie Lloyd

  • Features

    How Building Codes Reduce Catastrophe Losses

    2007-12-14T00:00:00Z

    Buildings completed under the requirements of a new Florida building code withstood hurricane winds in 2004 and 2005 while neighbouring, older properties were destroyed. But it should not take a disaster for our communities to adopt, implement and enforce the building safety codes that save lives every day. By Richard ...

  • Features

    From Soup and Beer to Drought and Downpour

    2007-12-14T00:00:00Z

    Some 30% of businesses worldwide have some direct exposure to weather related risks and 60% have indirect exposure. By Jean-Christophe Garaix