All Supplement - Catastrophe Risk articles – Page 5
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Catastrophe Risk
International Society of Catastrophe Risk Managers
Only months after its formal launch, the International Society of Catastrophe Managers (ISCM) has nearly 400 members. Since its launch and first conference, held jointly with the Reinsurance Association of America in New Orleans in February 2007, the ISCM held a further conference in London with the RAA and the ...
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Features
Unchecked Risks That Can Lead to Catastrophe
Asset management, planned maintenance and procurement have the potential to create disaster if are not treated with the respect they deserve. By Tony Prior
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Catastrophe Risk
Cat exposure data standards working group launched
Insurance standards development organisation ACORD has launched a catastrophe exposure data working group. Its aim is to respond to the need for standard catastrophe data reporting throughout the entire insurance chain, from direct insurers to reinsurers and ultimately, capital markets.
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Features
Understanding the Vulnerability of China’s Buildings to Earthquake Risk
Earthquake engineers and catastrophe modellers have considerable data on the relative vulnerability of different construction materials, structural systems and building heights to seismic hazards. However, other factors that affect building stability in an earthquake are more difficult to assess, particularly in emerging markets. By Jayanta Guin and Tao Lai
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Catastrophe Risk
Bridge collapse highlights infrastructure concerns
The collapse of a 40 year old motorway bridge over the Mississippi River in Minneapolis, Minnesota, on 1 August 2007 has reinforced concerns about the condition of much of the US highway infrastructure. Four months earlier, the MacArthur Maze interchange which feeds traffic into the San Francisco-Oakland Bay Bridge in ...
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Catastrophe Risk
Final bill for Hurricane
Hurricane Katrina in 2005 cost the insurance industry $40.6 billion to settle 1.7 billion claims for damage to homes, businesses and vehicles in six states, according to the Insurance Information Institute (III). Hurricane Andrew, the previous record holder, resulted in $15.5 billion in losses in 1992 ($22.2 billion inflation adjusted ...
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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
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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
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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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
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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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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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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Features
Reflections in New Orleans
From a distance the roads look unremarkably. There are few cars, but it is the middle of the day. Closer up there is clearly something wrong.
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Features
Real time mapping
Drawing on the detailed graphic rendering of programs such as Google Earth, new mapping tools can illustrate property assets at risk in real time. By Andrew Leslie
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Features
Port security risk management
NBC weapons seeping across the US border, and the potentially catastrophic result, represent the ultimate risk for US federal, state and local authorities. By Christopher Rissetto and Jason Matechak
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Features
Hard lessons from windstorms
Ports and transport facilities suffer badly in windstorms but the experience from major storms like Katrina can provide lessons to reduce future losses. By Ian Lush
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Features
Loss prevention from the ground up
Getting loss prevention experts involved early reduces the risk of project disaster and delay. By Martin Vinkenfluegel
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Features
Windstorm Kyrill: A glimpse into the future?
Windstorm Kyrill is a reminder that windstorm is a real threat to insurers and reinsurers in Europe. By Julian Alovisi, Claire Souch and Jane Toothill
