tsunami News

Japan Earthquake Premiums to Rise as Insurers Reassess Risk After Fukushima

Japan’s insurance companies are pushing for an average 19 percent increase in earthquake premiums as they reassess risk following the unprecedented magnitude 9 quake four years ago. The increase could come into effect in January 2017, according to the Ministry of Finance …

UK Insurers to Stress Test Capital Reserves Against Synchronized Terrorist Attack

UK regulators have asked property and casualty insurers to stress test their capital reserves against catastrophes, including a synchronized terrorist attack in London, New York and one other major city. The Prudential Regulation Authority (PRA) published the exercises last week …

Washington City to Get Tsunami Warning System

Birch Bay, Wash. will soon be equipped with a tsunami warning system. The Bellingham Herald reported that the Whatcom County Sheriff’s Office is working with the state to set up an emergency warning system for Birch Bay that would provide …

Pacific Northwest Study Says More Could Survive Tsunami if They Can Just Walk Faster

About 5,500 more people could survive a major tsunami hitting the Pacific Northwest if they just walk a little faster to higher ground after roads are knocked out, a new study shows. The report published Monday in the Proceedings of …

How Another Country’s Insurance Industry Is Facing Climate Change

Tim Grafton, chief executive of the Insurance Council of New Zealand, lives in a country surrounded by risk on all sides, and he’s unabashed in his efforts to use flooding events, frequent storms or other out-of-the-usual weather phenomenon as opportunities to …

Guy Carpenter Report Reveals Greatest Tsunami Risk Lies in Taiwan

Guy Carpenter’s new scenario risk report for the Asia-Pacific region predicts the greatest tsunami risk in the area lies in Taiwan. The report, titled “Tsunami Risk from Magnitude 9.4 Earthquake in Manila Trench,” provides an in-depth study of the tsunami …

RMS Study Shows Significant Tsunami Risk in Caribbean, Mediterranean

RMS, the catastrophe risk management firm, has released a global tsunami risk study that identifies more than 20 subduction zones worldwide capable of generating a giant earthquake and tsunami – similar in scale to the March 11, 2011, Tohoku, Japan …

Work on ‘Tsunami-Proof’ School on Washington Coast Underway

Ground has been broken for a new school building on the Washington coast at Westport. Officials say the structure is designed to be tsunami-proof. KOMO-TV reported that the planned “vertical evacuation structure” will be an addition to the Ocosta Elementary …

Oregon State Warned About Building in Tsunami Zone

Oregon’s state geologist urged Oregon State University not to put a marine studies building in a tsunami zone south of Newport’s Yaquina Bay Bridge – or at least build it to withstand waves as high as 43 feet. The school, however, …

Prison Sites at Salt Lake City Could Get Hit By Tsunami

The ground shakes violently and then a wall of salty, brine-shrimp-laden water crashes into the Utah State Prison. The cells of the state’s most dangerous inmates start to flood. Panicked Corrections officers must make a tough choice – hope the …