The Japanese earthquake is set to be the first natural disaster that triggers a number of catastrophe bonds, surpassing Hurricane Katrina to become the event with the biggest impact on the alternative reinsurance sector. But cat bond investors are still …
The top U.S. nuclear regulator has approved the launch of a safety review of U.S. nuclear reactors sought by President Barack Obama in response to the ongoing crisis at Japan’s Fukushima plant. The Nuclear Regulatory Commission voted to create an …
Risk modeling company AIR Worldwide tightened its estimate for insured losses from the Japan earthquake and tsunami, forecasting the insurance industry will have to pay out $20 billion to $30 billion in claims. That estimate, issued late Thursday night, compares …
Where do you even start? Do you start by carting away the Chokai Maru, the 150-foot (45-meter) ship that was lifted over a pier and slammed into a house in this port town? Do you start with the thousands of …
Munich Re announced that it has estimated its claims burden from the earthquake and tsunami in Japan at around €1.5 billion [$2.128 billion], after retrocession and before tax. As a result Munich Re said its “profit target of around €2.4 …