Global insured losses from natural disasters for the first half were preliminarily estimated at US$21 billion, which is 40 percent lower than the 10-year average of US$35 billion and 19 percent lower than the 18-year average of US$26 billion, according …
Earthquakes, the natural kind caused by the movements of vast tectonic plates, have been occurring since the dawn of time. But now there is a new type of quake, the study of which has been labeled “seismicity,” which is being …
Impact Forecasting, Aon Benfield’s catastrophe model development team, has released its latest Global Catastrophe Recap report for the month of May. The report highlights the “powerful thunderstorms” that caused “major flooding across the U.S. states of Texas and Oklahoma during …
Aon Benfield’s Impact Forecasting’s monthly catastrophe report for April highlights the catastrophic damage throughout Nepal, India, China, and Bangladesh, caused by the magnitude-7.8 earthquake that struck Nepal during the month. The quake killed as many as 10,000 people and injured …
The latest edition of Aon Benfield’s Impact Forecasting Global Catastrophe Recap report for November highlights the havoc caused by Super Typhoon Haiyan when it made landfall in the central Philippines as “one of the strongest tropical cyclones ever recorded.” The …
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, announced that it is “helping insurers and reinsurers prepare for current and future U.S. hurricane seasons with its innovative storm surge model. “Ahead of the one-year anniversary of …
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched two new models: an earthquake model for East Africa and a new flood scenario-based model for Mexico reinsurers. East Africa Model Aon explained that “areas of …
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has released the latest edition of its monthly Global Catastrophe Recap report, which reviews the natural disasters that occurred worldwide during February 2013. The report initially focuses on …
