Parametric Catastrophe Insurer CCRIF to Make Record Payout of $40M for Haiti Quake August 19, 2021 CCRIF SPC, the Cayman Islands-based parametric catastrophe facility, will pay approximately US$40 million to the government of Haiti, following the...
Why Haiti Is Prone to Deadly Earthquakes August 19, 2021 By Ben Finley Earthquakes have been wreaking havoc in Haiti since at least the 18th century, when the city of Port-au-Prince was destroyed...
Firefighters Struggle to Control Blazes Fueled by Heatwaves in France and Spain August 17, 2021 By Laura Millan Firefighters are struggling to control blazes in France’s Gulf of Saint Tropez and in the Spanish province of Avila, another...
Insured Losses from Haiti Earthquake Estimated at $250M: Karen Clark & Co. August 17, 2021 The large 7.2 magnitude earthquake, which hit Haiti on Aug. 14, is likely to cost insurers around $250 million, according...
Heavy Rains Lash Haiti, Complicating Rescue Efforts for Earthquake Survivors August 17, 2021 By Laura Gottesdiener LES CAYES, Haiti – Heavy rains lashed Haiti on Tuesday night, complicating rescue efforts and drenching thousands left homeless by...
Death Toll Soars from Haiti Earthquake; U.S. Deploys Search and Rescue Teams August 16, 2021 By Jim Wyss and Ezra Fieser The U.S. deployed search and rescue teams to help find survivors among the debris of collapsed buildings in Haiti as...
Global Insured Disaster Losses Reach US$42B in H1 as 2nd Highest on Record: Swiss Re August 13, 2021 Estimated insured losses from natural catastrophes reached US$40 billion during the first half – driven by a deep winter freeze,...
German, Chinese Insurers Face Record Disaster Claims as Extreme Weather Intensifies August 12, 2021 Extreme precipitation in mid-July resulted in the costliest flooding events on record for German and Chinese insurers, which face potential...
Worst Algerian Wildfires in Decades Kill at Least 65 People August 12, 2021 The worst wildfires in decades have killed at least 65 people in Algeria’s forested mountains, making it the latest Mediterranean...
China’s Extreme Weather Provides Wake-Up Call for Under-Insured Local Authorities August 12, 2021 BEIJING – Devastating summer floods in the populous province of Henan in central China are a wake-up call for local...