Tag: "Loss"

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Chilean earthquake damages could cost $15 – $30B

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 [...]

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Losses from mid-Atlantic storms could top $2B

View the video here on your mobile device. Catastrophe modeler EQECAT has estimated that the two winter storms that raked the mid-Atlantic region of the US this month has caused more than $2 billion in insured losses. Washington, D.C. saw more than 30 inches of accumulated snow between the two storms, the first of which [...]

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Haiti quake may have caused $14 billion in damage

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 [...]

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