quake

The latest earthquake which struck the Christchurch area of New Zealand on the 13th June has officially been classified as a new event for insurance purposes by the New Zealand Earthquake Commission (EQC). That means that insurers and reinsurers will be on the hook for claims above the coverage level that the EQC provides.

Yesterdays two earthquakes, which were technically aftershocks of the September M7 quake and February event which devastated much of Christchurch, New Zealand, have been upgraded by the USGS to a magnitude 5.2 and a magnitude 6.0. Risk modeller EQECAT has issued a CatWatch report on this event and they estimate that the two earthquakes could […]

A pair of aftershocks have struck the New Zealand city of Christchurch four months after it was hit by an earthquake which caused billion’s of dollars of damage. The pair of aftershocks struck an hour and twenty minutes apart causing buildings to shake, some damage and minor injuries.

Another series of catastrophe bond notes, Atlas VI Capital Ltd. 2009-1 Class A, has had its rating downgraded due to exposure to the earthquake event in Japan, however in this case it’s not due to exposure to the 11th March M9.0 earthquake, rather it is due to exposure to two aftershocks which occurred in early […]

Risk modeller EQECAT have issued an update to their estimate of the insured loss due to the Tohoku earthquake which struck Japan on the 11th March causing massive damage from the widespread shaking and tsunami that followed. Now, almost two months after the earthquake, they have had time to gather data and perform greater analysis […]

Back in January we wrote that the government in Israel were looking seriously at catastrophe bonds as a mechanism to prepare their finances for the possible economic shock of a major earthquake. A study undertaken by their National Economic Council concluded that Israel’s government finances were not prepared for a 1 in 250 year earthquake […]

For our latest updates read our article from the 16th March. We’re continuing our updates on the situation in Japan after last Friday’s devastating earthquake and tsunami. We’ll keep this page updated with items we feel of interest to our readers. Links to our other articles related to this disasters can be found below.

We’ve performed some analysis on the catastrophe bond transactions which have exposure to Japanese earthquake risks to try to give our readers a better impression of the likelihood of any of them suffering a loss after Friday’s massive earthquake and tsunami. It’s proved difficult, as some of the cat bond transactions have minimal information available […]

Israeli government finances are not prepared for the potential shock of a huge earthquake concluded a piece of work by their National Economic Council. The business sector has insurance in place but residential insurance is not so well prepared and the government finances themselves are said to be less capable of withstanding the shock of […]

The recent earthquake in Christchurch, New Zealand on September 4th which registered Mw7.0 on the Richter scale has been cited as the most damaging the country has seen in years. It is estimated that the quake may have damaged as many as 100,000 of the 160,000 homes in the city.