All the headlines from our Earthquake Topic Page, ordered by recency.
Mar 18 2011 // U.S. Senators Dianne Feinstein and Barbara Boxer, both D-Calif., have introduced legislation to lower the cost of earthquake insurance for Californians and individuals who purchase coverage from a non-profit, state-run...
Mar 18 2011 // New York Gov. Andrew Cuomo said that he wants to review information from the Nuclear Regulatory Commission about safety of a nuclear plant that lies near a seismic fault line 35 miles north of Manhattan.“Frankly,...
Mar 18 2011 // Chaucer Holdings PLC, the specialist Lloyd’s insurance group, has announced that it has reduced its best estimate for claims arising from the 2010 New Zealand earthquake and Australian floods.Chaucer previously...
Mar 18 2011 // Bermuda-based Endurance Specialty Holdings Ltd. announced that its “initial loss estimate related to the floods which occurred in Queensland, Australia in January of 2011 is $15 million.” The specialty...
Mar 17 2011 // European insurers face no major threat from the turmoil ensuing from last week’s earthquake and tsunami in Japan, the European Union’s insurance watchdog said on Thursday.“From a European viewpoint, the...
Mar 17 2011 // Operators of a quake-crippled nuclear plant in Japan dumped water on overheating reactors on Thursday while the United States expressed growing alarm about leaking radiation and urged its citizens to stay well clear of the...
Mar 17 2011 // Insured losses from the magnitude 9.0 earthquake and tsunami that struck Japan last Friday are between $12 billion and $25 billion, according to catastrophe modeler EQECAT. In its latest update, the firm describes the...
Mar 17 2011 // Bermuda-based RenaissanceRe Holdings Ltd. announced its initial loss estimates for the 2011 Australian flooding as well as the February 2011 New Zealand earthquake.The Company said it currently expects the Australian...
Mar 16 2011 // The number and strength of earthquakes in central Arkansas have noticeably dropped since the shutdown of two injection wells in the area, although a state researcher says it’s too early to draw any...
Mar 16 2011 // A.M. Best Co. has issued a bulletin indicating that it does not “expect an immediate rating impact on Japanese non-life insurers and reinsurers due to the March 11, 2011 earthquake in Japan. However, the...
Mar 16 2011 // Losses from the Japanese earthquake will reduce insurers’ capital reserves, insurance brokers said Tuesday, as sector shares continued their sharp declines on fears the disaster’s size could grow.Ace, a leading...
Mar 16 2011 // Japan’s nuclear crisis appeared to be spinning out of control on Wednesday after workers withdrew briefly from a stricken power plant because of surging radiation levels, but desperate efforts to avert a catastrophic...
Mar 15 2011 // Fitch Ratings has issued a bulletin, indicating that it “believes that while the 11 March earthquake in Japan will be among the largest insured losses in history, such losses can be absorbed by the insurance and...
Mar 15 2011 // Swiss Re issued a statement which stressed that it is “committed to the Japanese insurance market and to supporting the country’s recovery from the devastating earthquake and tsunami which claimed many lives...
Mar 15 2011 // Quake-hit Japan faces a recovery and reconstruction bill of at least $180 billion, or 3 percent of its annual economic output and more than 50 percent higher than the total cost of 1995’s earthquake in Kobe.Even...
Mar 15 2011 // Investors sold insurance shares Monday in fear of how high the total losses from Japan’s earthquake and tsunami will go, though it will take weeks to determine how much was actually lost.At least one set of experts...
Mar 15 2011 // Catastrophe modeling firm EQECAT has issued a bulletin describing the potential insured market losses and summarizing the various impacts of Japan’s insurance market with its specific inclusions and...
Mar 15 2011 // Lloyd’s of London has issued the following statement on the Japanese earthquake: “Our thoughts are still with those affected by the major earthquake and tsunami events in Japan.“Lloyd’s is committed...
Mar 14 2011 // The magnitude 8.9 earthquake, 6 miles down in the Japan Trench and 130 kms (81 miles) off Japan’s northeast coast, triggered a tsunami that devastated cities and towns over a wide area. Pictures of the onrushing...
Mar 14 2011 // A decline in shares of Japanese non-life insurers including MS&AD Insurance Group [Mitsui Sumitomo] is expected to be temporary as the impact on their earnings of the earthquake and tsunami in northeast Japan should be...