The Group net income for SCOR for the first nine months of 2016 took a hit, partly as a result of the impact of natural catastrophes, falling 11.0% to 438 million euros compared to 492 million euros for the first…
Large earthquakes are more probable during periods of high tidal stress, according to a study published in the journal Nature Geoscience earlier this week. The study Earthquake potential revealed by tidal influence on earthquake size-frequency statistics from researchers at the…
Actions taken by drillers and regulators can lessen risk in the case of earthquakes likely caused by the injection of industrial wastewater deep underground, according to new research from the U.S. Geological Survey (USGS) and the University of Colorado. While…
MCADAM, N.B. – The cause of more than 100 earthquakes that shook homes and rattled nerves in a New Brunswick village earlier this year may remain a mystery, says a seismologist. Stephen Halchuk at Earthquakes Canada said the kind of…
Senior officials with BC Hydro have “quietly feared for years that earthquakes triggered by natural gas industry fracking operations could damage its Peace River dams,” the Canadian Centre for Policy Alternatives (CCPA) has charged. In a statement posted to its…
Following a record breaking first quarter issuance of US$2.22 billion, catastrophe bond issuance for the second quarter of 2016 stood at US$800 across five transactions – a relatively low figure during a historically active quarter, Aon Securities said on Thursday.…
Total worldwide economic losses for the first half of 2016 were US$70 billion, of which US$27 billion were insured, significantly higher than the first year losses of US$59 billion in 2015, of which US$19 billion were insured, Munich Re said…
Laetere Re Ltd. has issued US$100 million worth of catastrophe bonds, covering certain named storms and earthquake in the United States, on behalf of three subsidiaries of United Insurance Holdings Corp. The issuance was announced July 7 by Swiss Re…
Earthquakes triggered by oil and gas activity have been happening in Texas since at least 1925, and they have been widespread throughout the state ever since, according to a new historical review published online. A Historical Review of Induced Earthquakes…
Insured losses from the two earthquakes that struck Japan in April could be as high as US$1.7 billion to US$2.9 billion, with economic losses of US$5.5 billion to US$7.5 billion, industry experts suggested on Wednesday. Guy Carpenter & Company, a…
The financial risk from an earthquake in Quebec is “a lot bigger than maybe people think,” a Munich Re Canada executive suggested Wednesday, while the head of Aon Benfield Canada suggested Canadians on the west coast “may be” underinsured for…
EDMONTON – New research suggests that hydraulic fracking of oil and gas wells is behind earthquakes caused by humans in Western Canada. A study, published Tuesday by a group of top Canadian researchers, says problems in Alberta and British Columbia…