Disaster recovery
Ferry sinks off South Korea leaving 280 missing
Nine people have been confirmed dead and at least 280 remain missing after a ferry carrying 459 people capsized and sank off the coast of South Korea on Wednesday morning.
Flooding and toxic mould
by Alan Dobson
International: Asia: Living with disasters
The insurance community is playing an increasingly important role in helping vulnerable communities in Asia adapt to climate change both before and after a disaster.
Prism Network predicts drying service will cut claims’ lifecycles
Disaster recovery business Prism Network has launched a drying service it predicts will improve insurer claims’ lifecycles from an average of 50 to 20 days on domestic claims up to £10 000.
C-Suite: After the storm
The response by insurers in the aftermath of St Jude showed the importance of the industry.
Expertise in Action: Broker: Fully customised
A tailor-made risk management proposition provides the best result for clients, brokers and insurers alike.
Disaster model released for German floods
Impact Forecasting, the catastrophe model development center of excellence at Aon Benfield, has launched a scenario model for the recent German floods.
Russian meteor explosion injures 250
The explosion of a meteor above the Ural mountains in central Russia has left 250 people injured, three seriously, according to reports.
Queensland losses to exceed AUS$50m
Tropical cyclone Oswald has caused heavy rain in Queensland leading to three deaths, injuries, several missing people and damage to property.
Asia must invest in urban disaster risk management
Industry insiders at a seminar convened by the Asian Development Bank have called for Asian countries to increase investment in urban disaster risk management.
Nearly 80% of Vietnamese SMEs lack disaster preparation
Despite their exposure, small to medium sized businesses in Vietnam are seriously under-prepared for the possibility of a natural disaster, a study by the Asia Foundation has found.
Belfor names former Munters president Philips as UK MD
Alasdair Philips has been named as the new managing director for Belfor in the UK.
Natural disaster: Filling the $254bn insurance gap
The problem of underinsurance has been seen with a number of natural catastrophes recently. Lucia Bevere explains why relying on governments as a last resort is a risky strategy, and what insurers can do to tackle this area.
Trade credit – Asian boom
Marsh China recently observed a significant increase in demand for trade credit insurance from Asian firms wanting to protect their balance sheets against the potential default of eurozone trading partners. Francesca Nyman asked several market insiders…
Russian plant firms face ten-fold premium rises after new law
Stringent new legislation relating to the management and insurance of plants dealing in hazardous materials in Russia is set to have far-reaching implications for companies operating in the country.
Direct Line in Germany implements new business continuity infrastructure
German insurer, Direct Line Versicherung AG, has implemented Datacore's business continuity and disaster recovery architecture.
Japan to set up Asian nat cat insurance plan
Japan is planning to establish a large-scale insurance system encompassing the Asia-Pacific region to cover developing countries hit by devastating earthquakes, typhoons and other disasters.
China poll result
Will China be the next supply chain disaster?
EU and FEMA agree on risk reduction and disaster response
The European Union and the US Federal Emergency Management Agency have signed an agreement to cooperate on disaster management and emergency response.
The other side of the disaster story
Regarding David Bonehill’s letter about quality of service to policyholders, I write from the point of view of the disaster restoration industry.
Disaster recovery - SME: Dealing with disaster
SMEs would flounder in the face of a disaster, with a large proportion going out of business completely. Edward Murray asks why, therefore, it remains so hard to get them to engage with disaster recovery planning.
Postbox: Bursting for improvement
I have read with interest recently articles in insurance trade publications regarding the continuing cost of winter claims to the sector. According to their authors, the burst pipe claims 'event' at the end of 2010 and into 2011 will have a far greater…
PSTF: Cost benefits driving secondary cloud migration
Almost nine in 10 IT professionals that use cloud-based services are moving beyond the hype and looking to invest further in this technology in 2011, according to a new survey.
Biba 2011: Fusion and Oliva to offer SME disaster recovery package
Oliva Underwriting Management and Fusion Insurance Services have both signed agreements with risk mitigation and loss reduction specialists Global Continuity, to embed its disaster recovery solution, Business Assist, into their product suites.