All Supplement - Catastrophe Risk articles – Page 4
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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 ...
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FeaturesGetting a Handle on Cargo
Cargo accumulations. Hard to understand. Harder still to quantify. Until now. By Herbie Lloyd
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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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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
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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
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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
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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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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
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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
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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
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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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FeaturesRisks and Opportunities of Nanotechnology
Building materials incorporating nano-particles may better withstand extreme events, but insurers worry about the liability implications of nanotechnology
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Catastrophe Risk
Disasters bulletin: 5 March – 7 August 2007
Extreme precipitation events dominated the period from March to August 2007 across the world. In the United Kingdom, record rainfall and widespread flooding damaged over 60,000 properties and triggered insured losses estimated at $6 billion. Elsewhere, Pakistan suffered major floods in June, while in late July and early August, the ...
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Catastrophe Risk
Weather extremes across the world
Record extremes in weather and climate have occurred in many regions across the world during 2007, according to the World Meteorological Organization (WMO). WMO said that it is likely that global land surface temperatures in January and April 2007 were the warmest since records began in 1880. They reached 1.89°C ...
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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
A Healthy Appetite for Insurance Risk
Capital markets’ investment participation in insurance risk continues to grow at a remarkable rate. By Cory Anger
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Features
Transforming Science into Business Application
David Bresch is head of the global atmospheric perils group within the catastrophe perils unit of Swiss Re and serves as chief modeller for all perils. He is also climate advisor to the board of Swiss Re. He talks to Catastrophe Risk Management about how science can support reinsurance. By ...
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Catastrophe Risk
Saudi Arabia’s first building codes
Saudi Arabia plans to implement its first national building code later in 2007. The Saudi authorities are using the International Building Codes issued in 2003 and 2006 by the International Code Council as the basis for their new code, which will address building risks, especially the threat of earthquakes, ...
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Features
How Planning for Terrorist Attacks Worked for Hurricanes
Major incident training put in place by a large commercial property investor because of terrorist attacks proved its value in the face of US hurricanes. By John Smith
