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DailyFinance.com is projecting that the recent 8.8 magnitude earthquake in Chile could cause insured losses anywhere from $2 billion to more than $8 billion. The quake struck February 27th and is now believed to be one of the top 10 most powerful earthquakes ever. Catastrophe modeling company EQECAT Inc. said insured damages from the quake [...]
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Faithful readers — it’s the moment you’ve (maybe?) been waiting for since last month’s issue of Risk Management was put online. The March issue is now available here. Within it, you’ll find features focusing on Haiti and the future of disasters, brain injury recovery, ERM challenges and CEO succession planning. Also available are articles covering [...]
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Obviously, all quantitative measures of this ongoing tragedy are still preliminary at best and total guess as worst, but, for what it’s worth, a Haitian Red Cross official is estimating that 45,000-50,000 people died in the earthquake. “No one knows with precision, no one can confirm a figure,” Victor Jackson, an assistant national coordinator with [...]
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It’s just coming out that at least a hundred thousand people may have died in the Haitian earthquake (according to the Haitian Prime Minister) making this the worst catastrophe in Western Hemisphere history. (UPDATE: In an interview with CNN’s Sanjay Gupta, Haitian President Rene Preval has more recently said that he has “heard reports of death tolls [...]
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