All Supplement - Catastrophe Risk articles – Page 4
-
Catastrophe RiskA global earthquake model
A project to develop a uniform, worldwide earthquake model begins in early 2008 under the auspices of the OECD Global Science Forum
-
Catastrophe RiskFallout continues from UK floods
Verbal skirmishes have continued between the Association of British Insurers (ABI) and the UK Government as a result of the £3 billion 2007 summer floods
-
Catastrophe RiskA deceptive quiet: Exposures continue to rise
The final tally for the 2007 hurricane season was 14 named storms, slightly above the long term average, and six hurricanes
-
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
-
Features
From Chaos Theory to Commodities
Isla Gilmour is a meteorologist who advises commodities traders on the impact of weather on their business. She talks to Catastrophe Risk Management about how science supports this important market. By Lee Coppack
-
Catastrophe RiskWorld Records, Catastrophes and Extreme Value Theory
For curiosity or betting or for insurance and risk management purposes, we often require estimates of how ‘extreme' the values might be over a given time period. By John Birkenhead
-
Catastrophe RiskString theory and catastrophe risks
The application of intellectual energy to the greatest puzzles, such as the origin of the universe, produces such imagination straining explanations as string theory
-
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 ...
-
FeaturesGetting a Handle on Cargo
Cargo accumulations. Hard to understand. Harder still to quantify. Until now. By Herbie Lloyd
-
FeaturesHow Building Codes Reduce Catastrophe Losses
Buildings completed under the requirements of a new Florida building code withstood hurricane winds in 2004 and 2005 while neighbouring, older properties were destroyed. But it should not take a disaster for our communities to adopt, implement and enforce the building safety codes that save lives every day. By Richard ...
-
FeaturesFrom Soup and Beer to Drought and Downpour
Some 30% of businesses worldwide have some direct exposure to weather related risks and 60% have indirect exposure. By Jean-Christophe Garaix
-
FeaturesCulture that Avoids Disaster
Six key areas of organisational culture are essential to prevent catastrophic incidents like the Texas City refinery explosion and loss of the space shuttle Columbia. By Scott Berger
-
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
-
Catastrophe RiskThe US Locations Most Vulnerable to Hurricanes
The entire East and Gulf Coasts of the United States are subject to hurricane damage, but some places are especially vulnerable.
-
Features
Geohazards and Infrastructure Projects
Infrastructure is an essential element in the immediate, as well as long term, recovery from a catastrophe. Identifying geological risks to infrastructure projects is, thus, an essential part of catastrophe risk management. By Matthew Free and Sara Anderson
-
Features
Steel Industry Loss, Reinsurance Gain
The discovery that he definitely did not want a career in the steel industry propelled a young graduate mechanical engineer in North Carolina to New York City and into the arms of the insurance industry. By Lee Coppack
-
Catastrophe Risk
Very strong earthquake off Peru
A magnitude 8.0 earthquake occurred near the coast of Peru about 125km SSE of the capital Lima, on 15 August 2007, just as Catastrophe Risk Management was going to press. Initial reports said at least 400 people were killed and 1,500 injured in the Ica-Lima-Pisco area. Extensive damage was ...
-
Catastrophe Risk
Insurance industry civil emergencies protocol
The UK insurance industry has agreed a framework for co-operation in disasters with the police, fire services, local government and aviation accident investigation authorities. The protocol, which covers England and Wales, was put into effect during the summer 2007 floods. The agreement includes the Association of British Insurers, the Chartered ...
-
Features
Reducing Supply Chain Risk from Extreme Events
Businesses today outsource many operations to partners, many of whom may be critically exposed to extreme events and beyond of the control of the firm’s risk management programmes. By Marc Lehmann and Kenneth Travers
-
Features
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
