February 1, 2017
PERILS, the independent Zurich-based organization that provides industry catastrophe insurance data, has announced that it has entered a strategic alliance with Toronto-based Catastrophe Indices & Quantification Inc. (CatIQ) to provide industry loss data for Canada via the PERILS Industry Loss …
January 31, 2017
Digital technologies can be harnessed by the re/insurance industry to narrow insurance protection gaps in developing and emerging markets, thereby improving societal resilience after natural disasters, according to a report published by the Geneva Association. However, the protection gap problem …
January 31, 2017
A major $200 billion loss from a combination of a cyber attack, U.S. hurricane and the failure of a reinsurer could strip insurers of up to 120 percent of their net capital base, tests of insurers in London showed. However, …
November 22, 2016
A massive earthquake off the coast of British Columbia has the potential to cause widespread failure among insurance companies and trigger a domino effect across the financial sector, according to a Conference Board of Canada report. “As the earthquake in …
October 24, 2016
Willis Re, the reinsurance division of Willis Towers Watson, has collaborated with SpatialKey Inc. to launch a new European Windstorm app. “This powerful new event response application integrates data from multiple data sources, including EuroTempest, insurance industry experts in forecasting …
October 24, 2016
Brazilian prosecutors charged 21 people with qualified homicide on Thursday for their roles in the collapse of a tailings dam at the Samarco Mineração SA iron ore mine last November that killed 19 people. The charges follow what is now …
September 2, 2016
Brazilian prosecutors are finalizing a criminal investigation into the Samarco mine disaster and expect to ask a judge by the end of September to charge employees, one of the prosecutors heading the case said. The investigation is looking into alleged …
August 30, 2016
The deadly collapse of a tailings dam last November at the Samarco mine, owned by Vale SA and BHP Billiton, was caused by drainage and design flaws, a report into Brazil’s worst-ever environmental disaster showed on Monday. The 76-page report …
July 8, 2016
Super typhoon Nepartak hit Taiwan on Friday, driving thousands of people from their homes, disrupting power supply and forcing the cancellation of more than 600 flights, emergency authorities said. Television showed images of tipped-over motorcycles and large signboards being ripped …
July 7, 2016
Taiwan told schools and offices along its eastern coast to close early Thursday as Typhoon Nepartak threatens to unleash strong winds and heavy rain across the island through Friday. Airlines canceled or rerouted flights in and out of Taiwan. The …