ORIGINAL PUBLICATION HERE A 7.0-magnitude earthquake struck Friday in the Aegean Sea between the Turkish coast and the Greek island of Samos, killing at least 91 people and injuring over 1,000 amid collapsed buildings and flooding, according to the latest official data available. The quake also made a couple of victims, and injured 19 people, […]

ORIGINAL PUBLICATION HERE The international community has pledged $1.25 billion to help Albania recover from a devastating earthquake during a European Union-led donors’ conference in Brussels.  “UN agencies have joined forces in developing and implementing the recovery measures based on the sectoral needs as identified by the Government,” said Mirjana Spoljaric Egger, Director of the […]

Caribbean earthquake could prompt CCRIF coverage assessment

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FULL ORIGINAL PUBLICATION HERE A powerful magnitude 7.7 earthquake struck the Caribbean yesterday in the afternoon local time, swaying buildings as far away as Miami, Florida and causing some localised damage to countries including the Cayman Islands, Jamaica and Cuba. There have been no immediate reports of casualties and damage in the region appears relatively […]

ORIGINAL PUBLICATION HERE 349 de cladiri din Bucuresti sunt incadrate in clasa I de risc seismic (constructii cu risc ridicat de prabusire la cutremurul de proiectare corespunzator starii limita), conform AMCCRS – Administratia Municipala pentru Consolidarea Cladirilor cu Risc Seismic – care a publicat pe site lista actualizata a imobilelor expertizate tehnic din punctul de […]

ORIGINAL ARTICLE BY Matthew Blackett & Coventry University HERE Europe isn’t a region well known for intense seismic activity, but large earthquakes do happen. In 1953, a devastating 6.8 magnitude quake struck the Greek Ionian Islands. Though these large events tend to be the exception rather than the rule, a flurry of significant earthquakes struck the Balkans on November […]

Lekima the second most costly China typhoon as estimate hits $7.4bn

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FULL ORIGINAL PUBLICATION HERE Typhoon Lekima is without doubt set to become one of the most expensive natural disaster events to strike China in recent years, with the latest economic damage estimate of approximately US $7.4 billion placing the storm as the second most expensive typhoon to hit China ever. Typhoon Lekima came ashore in […]

Peru cat bond pay out of $60m for earthquake confirmed

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FULL ORIGINAL PUBLICATION HERE Peru’s earthquake catastrophe bond will make a $60 million partial pay out of its principal to the country after its parametric triggering was confirmed in the calculation agent report, it has now been confirmed to us. This $200 million IBRD CAR 120 Peru quake catastrophe bond, part of the World Bank’s giant Pacific Alliance […]

ORIGINAL PUBLICATION HERE. PDF VERSION HERE Excellent management of cyclone Fani by the eastern Indian state of Odisha has become a text book example of how to manage natural catastrophes although the government is now faced with the task of post-disaster reconstruction. With low insurance penetration, the question of using capital markets as a means […]