Features – Page 2
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FeaturesSubsidence: A gradual catastrophe
Subsidence losses have been a hidden catastrophe for the insurance industry. UK buildings insurers have paid out a total of more than €8 billion since 1976, and the cost of claims in France since its inclusion in the Catastrophes Naturelles scheme in 1989 forced the government to increase insurance premium ...
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FeaturesSolutions not problems
A four pronged approach to supply chain risk management can improve resilience and the value of the insurance programme says Jim Carruthers
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FeaturesInfrastructure deterioration
Many parts of the US infrastructure such as levees, dams, bridges and roads have deteriorated to a point that they may not withstand a catastrophe or the use to which they would be put during a disaster. By Paul Mlakar
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FeaturesWhy flood losses are increasing
Exposure, the governing factor An almost explosive growth in the values of property in flood-prone areas and the much greater vulnerability of the things that people own are the main reasons for rising flood losses. By Wolfgang Kron
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Features
Risk engineering
In a competitive environment, preventing loss is vital. Nathan Skinner garners the thoughts of five risk managers on the subject
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FeaturesWorking towards solutions for flood
Since 1980, Europe has suffered 17 catastrophic floods that have done at least $75 billion worth of economic damage in total. Only about 25% of these losses were insured. The devastating and costly events of 2002 and 2007 have spurred searches for better planning, precautions and financial solutions. By Lee ...
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FeaturesInland flood models available
Catastrophe Risk Management surveyed the three proprietary modelling companies, AIR Worldwide, EQECAT and Risk Management Solutions (RMS) to discover what European inland flood models are available. By Lee Coppack
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FeaturesThe watercourse of nature
Anne-Claire Serres is an agronomist specialised in hydrology, who heads the catastrophe quantification team at Paris Re. She talks to Catastrophe Risk Management about her work. By Lee Coppack
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FeaturesStrategic planning to reduce flood impact across Europe
On 26 November 2007, the new European Directive on the assessment and management of flood risks entered into force. For the first time, EU legislation requires its members to plan strategically to reduce the adverse consequences of flood events on human health, economic activities, the environment and cultural heritage. ...
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FeaturesWithstanding the forces of nature
A country’s entire population cannot live in a few select locations that are not vulnerable to natural disasters, but good precautions can make any place more resilient. By Robert Morelli
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FeaturesHow do coastal cities fare under rising flood risk?
Rising sea levels will amplify the flood risk in coastal cities like Miami, New York, Rotterdam and Guangzhou, while population increase and economic growth will increase the value of the assets at risk to new levels By Celine Herweijer and others
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FeaturesWill changes in climate increase insured losses
The general effects of a global temperature increase they may contribute to a decrease in property risk in some places, while increasing it at others. By Dance Zurovac-Jevtic, Rebecca Cheetham and Caroline Daniell
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FeaturesUK flood claim and counter-claim
There have been times in the past year when the British public have witnessed scenes like those gunfighters at the OK Corral where insurers have stood their ground and called on Parliament to do something about flooding – or else. By Sam Elliott
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FeaturesPost-Katrina Litigation, Shows Need for Clarity
Hurricane Katrina was the single largest loss in the history of the insurance industry. Its place in the annals of insurance is also secure by virtue of it being the single most litigated loss on record. By Claire Wilkinson
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FeaturesUK Summer Floods Highlight Gaps in Flood Maps
Flood maps in the United Kingdom provide a good overview and are relatively comprehensive compared to flood maps for other countries, which tend to focus mainly on high risk areas. However, the summer 2007 floods highlighted a need for more information on urban and rural drainage, small rivers and ...
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FeaturesPublic Cat Schemes: Kittens Everywhere You Look!
Although the history of government insurance purchase for catastrophe risks is much shorter than that of the private sector, it is growing fast, as evidenced by the number of new schemes worldwide and the interest they have sparked in neighbouring countries. There are also clear trends in the development of ...
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FeaturesInsurers bracing for a rougher ride
Karin Clemens asks whether the current market is sustainable
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Features
A Research Agenda for London Flood
More attention needs to be given to the management of flood risk, specifically the role of insurance in this process. By Professor Edmund Penning-Rowsell
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Features
The Long, Wet Summer
The wettest period from May to June since precipitation records began in 1766 brought widespread flooding to parts of England in June and July 2007 and demonstrated the difficulties of managing the risks of rain induced flood. By Alison Craig
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Major Flood in Central London: Can It Really Happen?
Summer floods in England highlighted how even moderately sized events can cause widespread damage and disruption, but a similar size flood in London would have been far more costly. By Jane Toothil
