All Earthquake articles – Page 7
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Max has $10m-$20m quake and storm loss
Claims are ‘well within normal loss provisions’, says Max boss Becker.
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SCOR expects €157m combined catastrophe loss
Sum of losses from earthquakes in Chile and Haiti and European windstorm Xynthia
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RenaissanceRe expects ‘significant’ quake losses
Reinsurer still expects first quarter profit despite natural catastrophe losses
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90% destruction in worst-affected Chilean towns
More complete picture of earthquake damage slowly emerging, says AIR
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Chile earthquake: insured loss to exceed $2bn
AIR says residential insurance rates are as low as 10% in affected areas
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Chile earthquake destroys 1.5m homes
RMS: 90% of property policies carry earthquake cover; earthquake was in top 10 most powerful
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First parametric index for US earthquakes
RMS tool correlates magnitude and expected loss for cat bonds, ILWs and derivatives
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Haiti to benefit from Caribbean cat pool
Caribbean Catastrophe Risk Insurance Facility to make estimate of parametric payout
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Swiss Re places $150m cat bond
Redwood Capital XI gives protection for California earthquake risk
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Features
Quake with uncertainty
New quake models could lead to downward pressure on rates. But how shaky is the science on which the new models are based, asks Tim Evershed.
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Indonesian quake death toll tops 1000
Total number killed could number in the low thousands
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Indonesia earthquake was magnitude 7.0
44 known fatalities, hundreds of homes buried by landslides; Tsunami warning withdrawn.
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Italian earthquake loss estimate revealed
AIR Worldwide: Total damage up to €3bn; insured loss of between €200m and €400m
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Costa Rica earthquake update
Damage to roads, houses and hotels. Insured losses expected to be minimal.