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Volcanic eruption could cost large cities up to US$30 billion, new Swiss Re model says

March 27, 2017 by Canadian Underwriter

Total economic losses from volcanic eruptions could cost large cities up to US$30 billion, according to a new volcano model from Swiss Re. Calling it the “world’s first global volcano model,” the probabilistic model assesses risk in the case of

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Total worldwide economic losses for first half of 2016 at US$70 billion, up US$11 billion from 2015 half-year totals: Munich Re

July 12, 2016 by Canadian Underwriter

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

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At least US$350M in insured losses from Ecuador quake that killed more than 500: AIR

April 22, 2016 by Canadian Underwriter

As Ecuador continues to suffer aftershocks from a major earthquake the evening of April 16, catastrophe modeling vendor AIR Worldwide estimates insured losses could exceed $1 billion. In an alert published Thursday, Boston-based AIR Worldwide said it estimates that industry

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Major commercial buildings, seaside hotels in Ecuador likely of concern to insurance industry following earthquake: RMS

April 19, 2016 by Canadian Underwriter

The major commercial buildings and the many seaside hotels in Ecuador are likely to be of concern to the insurance industry following the recent magnitude-7.8 earthquake in the northwestern part of the country, according to the chief research officer at

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Earthquake kills 235 in Ecuador

April 17, 2016 Dolores Ochoa And Gonzalo Solano - THE ASSOCIATED PRESS

PEDERNALES, Ecuador – Rescuers pulled survivors from rubble Sunday after the strongest earthquake to hit Ecuador in decades flattened buildings and buckled highways along its Pacific coast. Officials said the quake had killed at least 235 people and injured 1,557