View the video here on your mobile device. ISO has been working with Toronto based MSA Research Inc. to bring Property Claim Services - PCS - to Canada. A new independent service named PCS-Canada (www.pcs-canada.com) enables primary insurance companies, reinsurers, brokers, and others to receive, for the first time, industry-wide data about Canadian catastrophes, including [...]
View the video here on your mobile device. RSA has announced the impact of the Chilean earthquake on its business. RSA Insurance Group is the leading general insurer in Chile through its wholly-owned subsidiary, Royal & SunAlliance Seguros Chile. The February 27 earthquake caused widespread damage throughout Chile and, while the situation is still evolving, [...]
View the video here on your mobile device. Based on preliminary analysis, Fitch Rating believes that the Chilean property/casualty insurance industry will likely be able to absorb losses from the earthquake and Tsunami that hit the central-south part of Chile on February 27. However, industry profitability ratios will be negatively impacted, and the 2010 fiscal [...]
View the video here on your mobile device. Early in the morning of March 4, a magnitude 6.4 earthquake struck south central Taiwan. Risk modeler EQECAT said that while there was moderate shaking throughout the epicentral region, which is mountainous and relatively remote, most portions of Taiwan, including the capital of Taipei, 250 km north [...]
View the video here on your mobile device. On February 27, an 8.8-magnitude earthquake struck south of Chile. While the country declared a state of catastrophe, evaluations are still being made to assess the damages. Risk modeler EQECAT estimates the total value of economic damage to be in the range of $15 to $30 billion [...]
View the video here on your mobile device. The main development bank for Latin America says the January 12 earthquake that ravaged Haiti’s capital might have caused nearly $14 billion in damage. The preliminary study released on February 16 says the magnitude-7 earthquake could be the deadliest and costliest disaster on a list that dates [...]
View the video here on your mobile device. As efforts in Haiti start focusing on providing shelter for earthquake survivors, on the re-building and reconstruction process, and on improving scientific understanding of earthquake risks, it is not too soon to focus also on hydro-meteorological hazards. The hurricane season starts in four short months – on [...]
View the video here on your mobile device. A.S.A.P. Secured, a Canadian disaster and fire scene security company, has launched a Mobile Command Centre for easy deployment at large loss sites across Ontario. This new centre will allow adjusters and other insurance industry professionals to offer immediate assistance and support to their customers in the [...]
View the video here on your mobile device. Officials in Eureka, California say that the January 9 earthquake that rattled the area could bring losses of about $21.8 million dollars. The 6.5 magnitude earthquake was centered in the ocean about 40 kilometers from the coastal city of Eureka and left property damage, with no reports [...]
View the video here on your mobile device. A 7.0-magnitude earthquake has ravaged Haiti. The center of the quake was located about 16 kilometers outside the capital of Port-au-Prince. While it can be challenging to estimate exposure values in developing countries such as Haiti, risk modeler EQECAT estimates the economic damages from this event to [...]
