Japan Issued Its First ‘Megaquake’ Warning After Powerful Tremor August 9, 2024 By Shoko Oda An earthquake off the coast of Japan’s southern island of Kyushu prompted the government to issue its first-ever warning for...
Four Minor Early Morning Earthquakes Hit Southern California June 24, 2024 Four small earthquakes occurred in California in the early Monday morning hours, according to the U.S. Geological Survey. A magnitude...
Inflation Continues to Increase Insured Property Exposures Globally: PERILS April 16, 2024 Inflation continues to have an effect on property exposures with sums insured for European windstorm increasing by 10.1% year-on-year at...
Taiwan Property Insurers Likely to Remain Profitable Despite Quake Losses: GlobalData April 5, 2024 The 7.2 magnitude earthquake that struck Taiwan’s east coast on April 3 caused substantial damage, particularly in Hualien with collapsed...
Worst Taiwan Quake in 25 Years Kills at Least 9, With Hundreds Injured April 3, 2024 By Betty Hou, Chien-Hua Wan and Debby Wu Taiwan’s strongest earthquake in a quarter century leveled dozens of buildings on the eastern side of the island, killing at...
The New Norm? Global Insured Losses for Nat Cats Keep Breaking Records: Swiss Re March 26, 2024 By L.S. Howard Global insured losses from natural catastrophes in 2023 totaled $108 billion, exceeding US$100 billion for the fourth consecutive year –...
Secondary Perils Drive Global Insured Losses to Estimated $123B in 2023: Gallagher Re January 18, 2024 Non-peak (secondary) perils and record-setting weather and climate events drove global insured losses from natural catastrophes to an estimated $123...
AM Best: Japan Quake’s Effect on Insurers ‘Manageable; KCC Says Losses to Hit $6.4B January 5, 2024 By L.S. Howard The earnings impact on the major domestic non-life insurers of claims from the Jan. 1, 2024 earthquake in Japan is...
Japan Adds Rescuers as Death Toll From Jan. 1 Quake Rises to 64 January 3, 2024 By Isabel Reynolds and Takashi Nakamichi The death toll in the wake of the Jan. 1 earthquake off Japan’s northwest coast rose above 60 as the...
Turkey Earthquake Tops 2023 Insurance Industry Losses Outside US: CRESTA January 2, 2024 The largest non-US natural catastrophe in 2023 was the Kahramanmaras Earthquake Sequence in Turkey on Feb. 6, which generated an...