All Earthquake articles – Page 9
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AnalysisThe size of a market-changing loss
Could the industry absorb a $50bn catastrophe loss in 2008?
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Online onlyModerate quake hits US midwest
Illinois earthquake occurs on the anniversary of the 1906 San Francisco earthquake; losses not expected to exceed $1bn
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Aon update on Illinois earthquake
Only minor damage reported in moderate 5.2 magnitude tremor
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Cover Story
Sands of change
The opportunities in the Gulf are compelling, but you’ve got to be there if you want a slice of the action. Two groundbreaking conferences in the region looked at the opportunities and challenges. Helen Yates reports.
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Online onlyUK earthquake costs at £30m
RMS says insured losses could be between £15m and £30m ($30m - $60m)
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Largest quake in 25 years hits UK
AIR expects damages in the "tens of millions of pounds"
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Online onlyNevada struck by magnitude 6 quake
Because the event occurred in a sparsely populated region, insured losses will not be significant
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Online onlyQuakes hit Sumatra and Greece
7.5 magnitude quake strikes Indonesian island of Sumatra; tsunami warning issued
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Industry Matters
A catastrophic year
Despite the low level of losses, 2007 had more catastrophes than any other year on record, reveals Angelika Wirtz.
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Online onlyQuakes could “devastate” Europe
A moderate earthquake could generate losses of $10bn, warns AM Best
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Cat losses reach $75bn in 2007
Munich Re sees economic losses from catastrophes in 2007 rise 50% on 2006
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RMS performs risk analysis on cat swap
Deal between Newton Re and Catlin for 3 years at $225m
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S&P rates Scor cat bond
Ratings are based on the creditworthiness of Scor as ceding reinsurer and on Goldman Sachs as guarantor
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Online onlyLarge earthquake triggers Caribbean cat pool
Two Caribbean Catastrophe Risk Insurance Facility participants, Dominica and Saint Lucia, will likely receive a payment
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Karen Clark to audit cat risk processes
Independent reviews can also be used by rating agencies and investors to differentiate the quality of companies’ processes
