The London Business Interruption Association (LBIA) has elected Aon’s Diane Jenkins as president for 2010/11. The LBIA aims to advance knowledge on all matters relating to business interruption and runs a series of technical lectures and education days throughout the …
A volcano in western Indonesia on the Island of Sumatra spewed hot lava and sand high into the sky early Sunday in its first eruption in 400 years. Government volcanologist Surono, who uses only one name, said Mount Sinabung in …
American International Group Inc. reported a $2.7 billion quarterly loss compared to a net profit of $1.8 billion for the same quarter a year earlier. The second quarter 2010 loss was primarily due to a $3.3 billion non-cash goodwill impairment …
When the present Lloyd’s building was completed in 1986, the architecture was called high tech, but inside you would have found that the offices contained no Internet, no e-mails and no World Wide Web. Since the construction of this building, …
A report from Munich Re (www.munichre.com) notes that the first half of 2010 was “marked by an exceptionally large number of natural catastrophes and the scale of the losses they caused.” The reinsurer recorded 440 “events from January until the …
Volcanic eruptions are right up there with hurricanes and earthquakes on the list of nature’s most formidable catastrophes. The April eruption of the Eyjafjallajokull volcano in Iceland was but one manifestation – gritty clouds of ash – of the dangers …
Volcanoes exist in many parts of the world, and their eruptions can be terrifying and devastating, as Aon Benfield’s Professor Russell Blong discusses in the previous article at: https://www.insurancejournal.com/news/international/2010/06/04/110441.htm. However, not all volcanic eruptions produce clouds of gritty ash that …
Catastrophe risk modeling firm AIR Worldwide described the early tropical storm Agatha as “short-lived, but deadly,” as it “wreaked havoc in Central America over the weekend. Agatha benefitted “from low wind shear and sea surface temperatures of 30°C,” said AIR, …
The death toll in Central America from landslides and flooding triggered by the year’s first tropical storm surged to 99 on Sunday, as authorities struggled to clear roads of debris and reach cut-off communities. Rains from the remnants of Tropical …
It’s been more than 1,600 days since Florida was hit by a hurricane, and that one — Wilma — walloped Natalie Premock’s home. But since then, nothing. And time has faded memories. The 31-year-old mortgage processor and her husband now …
