$6bn of property damaged in Moore tornado: AIR

Tornado

The devastating tornado which struck the Oklahoma suburb of Moore on Monday has damaged property to a total replacement value of $6bn within a two mile radius of the storm’s path.

Catastrophe modeller AIR Worldwide has estimated the replacement value of properties within a 0.8m radius at around $2bn.

The tornado has been upgraded to the highest intensity level, following damage

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Irish guidelines for assessing damages to push up premiums

Aine Tyrrell, partner at law firm DAC Beachcroft, explains why fresh guidelines for the assessment of damages in Northern Ireland could add to the costs faced by insurers and contribute further inflationary pressure to premiums for liability and motor products.

60 Seconds With... Value Space’s Reijo Pold

Reijo Pold, founder of Value Space, a technology company that uses satellites to conduct assessments for commercial properties and infrastructure, reveals he has been working since he was aged seven and doesn't even totally clock off when he goes on holiday.

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