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Haitian Earthquake

Swiss Re’s latest sigma study (full report; abstract) reveals that the final economic losses resulting from disasters (both natural and man-made) across the globe in 2010 was $218 billion — a number that dwarfs the $68 billion in damages caused by catastrophes in 2009. With unprecedented flooding, Asia was the region worst hit, with $75 [...]

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A new report from Allianz analyzes the fact that the insurance claims from natural disaster are becoming more expensive. The key reason is not so much that there are more disasters, just more buildings, more development and more insurance. And as parts of the developing world, specifically China and India, continue to become more affluent, [...]

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Faithful readers: the December issue of Risk Management magazine is now online here. Following tradition, we devote the December issue to recapping the Year in Risk. From the Haiti earthquake to flooding in Pakistan to the Greek debt crisis to numerous legal settlements, we cover more than 50 risk management-related issues that occurred in 2010 [...]

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This morning, many Americas awoke to the tragic news that an magnitude 6.9 (or 7.1, according state-run China Earthquake Networks Administration) earthquake had struck the western Chinese province of Qinghai. The initial reported death toll made it seem as though the population had perhaps dodged a bullet, but there have now been close to 500 [...]

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