Swiss Re Calls for Increased Role for Public-private Partnerships in Disaster...
Swiss Re notes that the “increasing severity and frequency of natural catastrophes are driving up the cost of disaster relief, especially in developing and emerging markets as they are hurt the most...
View ArticleSwiss Re Urges Australia to Use Cat Bonds as Disaster Risk Rises
Global reinsurance giant Swiss Re said Australia’s natural disaster risk was increasing and urged its governments to cover the rising damages bill using insurance instruments like catastrophe bonds as...
View ArticleU.S. First Responders Will Learn from Japan’s Tragedy: Napolitano
Homeland Security Secretary Janet Napolitano says federal. emergency agencies constantly rehearse for a disaster like the one unfolding in Japan, and American first responders will learn from the...
View ArticleGuy Carp to Develop Agriculture Microinsurance for Mozambique Farmers
International reinsurance broker Guy Carpenter & Co. announced that it will receive a $1.0 million grant from the International Finance Corporation (IFC), a member of the World Bank Group. The...
View ArticleAon: U.S. Insured Weather Losses Top $15.5 Billion This Year
Insured severe weather losses have already topped $15.5 billion in the United States this year, three times the full-year average of the last 20 years, insurance brokerage Aon Corp. said Wednesday....
View ArticleAon Benfield Sponsors Updated Atlas of Natural Disaster Risk in China
Reinsurance broker Aon Benfield has sponsored the third edition of the Atlas of Natural Disaster Risk in China, a Chinese government research project that for the first time looks at how hazard,...
View ArticleOklahoma Owes $36M in Disaster Aid
The state owes an estimated $36 million to more than 600 cities, counties, electrical cooperatives, state agencies, fire districts, schools and Indian tribes for its share of costs associated with 21...
View ArticleLloyd’s Calls for Redrawing Disaster Roles in U.S. for Government, Private...
Government intervention in the insurance market is putting the financial burden of natural disasters on U.S. taxpayers, according to a report by Lloyd’s of London, the global specialist insurance...
View ArticleHealth Costs of U.S. Climate Disasters of Last Decade: $14 Billion
Deaths and health problems from floods, drought and other U.S. disasters related to climate change cost an estimated $14 billion over the last decade, researchers said Monday. “When extreme weather...
View Article6 Killed, Dozens Injured in Southeast Storms
At least six people have been killed and dozens more injured as a storm system that spawned several possible tornadoes moved across the Southeast. Suspected tornadoes were reported Wednesday in...
View ArticleWorld Economic Forum Warns Economic, Social Turmoil Risk Globalization Gains
The latest report from the World Economic Forum highlights the “world’s vulnerability to further economic shocks and social upheavals.” Together they “risk undermining the progress that globalization...
View ArticlePlan Now for Climate-related Disasters Warns U.N. Report
A future on Earth of more extreme weather and rising seas will require better planning for natural disasters to save lives and limit deepening economic losses, the United Nations said on Wednesday in a...
View ArticleLloyd’s CEO Ward on 2011 Loss: ‘Not a Bad Result’
At first glance that statement may seem a little strange, considering that Lloyd’s reported an overall loss for the year of £516 million ($822 million). But considering that overall insured losses for...
View ArticleState Auto Estimates Q1 Storm Impact Could Reach $21M
Ohio-based State Auto Financial Corp. has estimated first quarter 2012 results will include between $19 million and $21 million in pre-tax catastrophe losses. The company announced that the estimate...
View ArticleWillis Exec: Industry Will Respond w/ ‘New Tools’ to Growing Disaster Risk
The insurance industry plays a pivotal role in integrating new tools, technology and solutions to protect populations and assets against growing concerns about natural disasters and, in the process,...
View ArticleSimulating Volcano Eruptions, One Blast at a Time
A voice carried across the treeless plateau: “Fire in the hole! The range is now active.” Two dozen people fell silent before a muffled blast sent a geyser-like shower of crushed gravel, limestone and...
View ArticleReport Shows Increasing Concentrations of Insured Property Values in U.S.
Insured building values in the U.S. now exceed $40 trillion — including residential, commercial and industrial structures, according to a new report from catastrophe modeling firm Karen Clark & Co....
View Article$1.1M Grant For Disaster Prep For Washington Schools
Washington education officials are using a $1.1 million federal grant to help schools prepare for natural disasters. The Office of the Superintendent of Public Instruction is working with 35 school...
View ArticleCoalition Pushing for New National Framework for Disasters
A coalition of national interests has introduced a framework intended to shape how the nation responds to natural disasters, or as one advocate of the framework described it, change the way governments...
View ArticleState Intelligence Report Highlights Threats to Texas
While organized crime is seen as the most significant public safety threat in Texas, drunk driving, natural disasters, terrorism, industrial accidents and cyber security also are among the major...
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