Natural catastrophes (Nat Cats)
Post Audio Supplement - 30 May 2013
Too busy to read the magazine or website? Want a quick update on the latest news?
Intense hurricane season warning for US
Insurers have been warned that above-average hurricane activity is on the way for the period between 1 June and the end of November.
Forecasters predict high hurricane levels as Oklahoma reels from tornado
‘70% chance’ of above-average hurricane activity between July and November
Insurance can support economic development in MENA region says Zurich
Insurance can promote economic development, create jobs and boost trade across the Middle East and North Africa region, a new report by Zurich has claimed.
Philippines wins disaster recovery award
The Philippines has won an award from the Arabian Travel Market for successfully bouncing back from the devastation of typhoon Bopha (or Pablo) in December 2012.
Allianz completes $175m windstorm and earthquake bond
Allianz has secured $175m of protection against named storms in the US, Mexico and Carribean, as well as North American earthquakes, ahead of the 2013 Atlantic hurricane season.
Asian highlights of the week
A round-up of the best articles featuring Asia on Insurance Insight this week.
Moore tornado losses unlikely to reach London insurers
Insured losses from the devastating tornado that hit the Oklahoma City suburb of Moore are unlikely to hit the London market.
Many uninsured renters impacted by $2bn Oklahoma tornado
The Oklahoma Insurance Department has warned that many rented households destroyed by the recent tornado may have no insurance cover, following estimates that costs could hit $2bn (£1.3bn).
Moore tornado losses could exceed Joplin
Damage from a mile-wide tornado that struck the Oklahoma City suburb of Moore could exceed the May 2011 Joplin event, according to Oklahoma Insurance Commissioner John Doak.
Over $2bn of property damage from Oklahoma tornado
The devastating tornado which struck the Oklahoma suburb of Moore on Monday (22 May) in the US has damaged property to a total replacement value of up to $6bn within a two mile radius of the storm’s path.
$6bn of property damaged in Moore tornado: AIR
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.
Impact Forecasting improves catastrophe modeling tools
Impact Forecasting, the catastrophe model developer at Aon Benfield, has launched a set of tools to help quantify uncertainties in catastrophe models across all natural disasters and countries.
Marine: Tidal waves
Still reeling from recent huge losses, marine insurers cannot increase rates due to over-capacity – but is the outlook for the sector as negative as it seems?
Tornado slams Oklahoma suburbs
A devastating tornado has killed more than 50 people after tearing through suburbs of Oklahoma City.
Fatal air balloon crash in Turkey leaves two dead
A crash involving two hot air balloons in Turkey on Monday left two dead and 23 injured.
Cyclone Mahasen makes landfall "destroying thousands of homes"
The first tropical cyclone in the Northern Indian Ocean this season, Tropical Cyclone Mahasen, made landfall northwest of Chittagong, Bangladesh, at about 6am UTC on Thursday, May 16.
This week's Asia highlights
Here are the top five highlights from Insurance Insight's Asian coverage this week.
Biba 2013: Brokers urged to put multinational programmes ‘on the table’
Brokers need to put multinational programmes “on the table” when speaking with clients about their insurance options, according to Stephen Morton, vice-president of the multinational centre of excellence at AIG.
Cyclone Mahasen reaches Bangladesh
Five dead as cyclone Mahasen could cause heavy rain and widespread flooding.
Japan's Tohoku earthquake: A force of change
The sheer size and scale of the Tohoku earthquake and tsunami has change the face of insurance in the region forever writes Sadie O'Brien.
Japan Earthquake: A seismic shift
The sheer size and scale of the Tohoku earthquake and tsunami has change the face of insurance in the region forever.
Flood: A Dutch Obligation
For the first time in decades Dutch citizens can purchase flood insurance but should the product be compulsory?
Floods affect over 1m in China
Floods in the provinces of Jiangxi, Anhui and Hunan in China have killed six people and impacted 33 000 hectares of crops.