Earthquakes News

AM Best: Japan Quake’s Effect on Insurers ‘Manageable; KCC Says Losses to Hit $6.4B

The earnings impact on the major domestic non-life insurers of claims from the Jan. 1, 2024 earthquake in Japan is expected to be manageable relative to the sector’s net profit, according to AM Best in a market commentary. Japan’s four …

Japan Adds Rescuers as Death Toll From Jan. 1 Quake Rises to 64

The death toll in the wake of the Jan. 1 earthquake off Japan’s northwest coast rose above 60 as the government doubled the number of personnel dispatched to the affected areas to bolster rescue operations. The number of reported fatalities …

Turkey Earthquake Tops 2023 Insurance Industry Losses Outside US: CRESTA

The largest non-US natural catastrophe in 2023 was the Kahramanmaras Earthquake Sequence in Turkey on Feb. 6, which generated an industry loss of US$5.8 billion, the largest ever cat loss for the Turkish insurance market, according to CRESTA, the Zurich …

Update: Major Japan Quake Topples Buildings, Killing Nearly 50 People

The death toll from a powerful earthquake that toppled buildings in the Noto Peninsula on Japan’s northwest coast rose to nearly 50 as rescue workers searched for survivors trapped under rubble. One of the places hardest hit from Monday’s magnitude-7.6 …

China Earthquake Update: 137 People Killed, 12 Still Missing, 207,000 Homes Wrecked

A dozen people were still missing on Thursday after a 6.2-magnitude earthquake struck northwestern Gansu province late Monday, and netizens questioned the speed at which rescue operations had ended. Chinese media reported that search-and-rescue work in Gansu ended at 3 …

Death Toll Climbs in China’s Worst Earthquake in Nearly a Decade

The death toll from China’s worst earthquake since 2014 rose to more than 130 as the government sent a top official to oversee recovery efforts. Some 113 people were killed in mostly rural areas of Gansu province and another 18 …

Magnitude 6.2 Quake Kills More Than 100 in China’s Northwest

Chinese leader Xi Jinping called for efforts to minimize casualties after an impoverished region in the northwest was hit by an earthquake that left more than 100 people dead. The 6.2-magnitude quake late Monday killed 105 people in Gansu and …

Mount St. Helens Records Over 400 Quakes Since July; No Signs of Imminent Eruption

More than 400 earthquakes have been detected beneath Washington`s Mount St. Helens in recent months, though there are no signs of an imminent eruption, according to the U.S. Geological Survey. Most of the quakes over a three-month span beginning in …

Insured Losses From Severe Convective Storms in US Top $50B for 1st Time: Aon

Insured losses from severe convective storms in the United States continued to increase during the third quarter, surpassing the $50 billion mark for the first time on record and accounting for roughly 60% of all global insured losses, according to …

Morocco Survivors Seek Aid as Earthquake Death Toll Passes 2,100

Survivors of Morocco’s deadliest earthquake in more than six decades struggled to find food, water and shelter on Sunday as the search for the missing continued in remote villages and the death toll of more than 2,100 seemed likely to …