Tag: catastrophe

Saving on Insurance: Six Tips for Lowing Your Homeowner’s Insurance

Guest Author
cost of Homeowners Insurance

Looking to save money on your home insurance? The price you pay for insurance is not fixed. If you need to lower your monthly payments, there are several ways to do so.   Shop Around Not all insurance companies are created equal. You can save a bundle by calling different insurance companies for quotes. You may find a different company who can offer you the exact same level of protection for a significantly reduced rate. Raise Your Deductible If you are in a low-risk area, you can save money by raising…

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M6.3 Earthquake Strikes Iran Coast near Nuclear Plant, Minimal Insured Losses Expected

Guest Author
Iran Earthquake

According to catastrophe modeling firm AIR Worldwide, this morning, an M6.3 earthquake struck 55 miles southeast of Bandar Bushehr near Iran’s southwest coast, however insurance losses are expected to be minimal. According to the United States Geological Survey (USGS), the earthquake occurred at 3:22 p.m. local time (11:52:50 UTC) and struck at a depth of 10 kilometers (6 miles). The main shock was followed by six aftershocks, according to the Iran Seismological Centre, the strongest of which was M5.3. According to AIR, with its epicenter located at 28.5° North latitude…

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AIR Worldwide Reports from Areas Affected by Sandy

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Hurricane Sandy Damage flood Insurance surcharge

According to catastrophe modeling firm AIR Worldwide, Sandy’s diameter made it the largest Atlantic hurricane on record in terms of the span of tropical storm-force winds. The huge radius helped to keep the winds at Category 1 intensity and allowed the storm to interact with a system from the west that resulted in severe weather across a wide swath of the eastern United States. This week two AIR teams were deployed to survey damage in New York and New Jersey. Commentary in this report provide an initial glimpse into the…

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Catastrophe bonds remain unaffected by Hurricane Sandy

S.Vagus
Catastrophe Bonds Insurance News

Catastrophe bonds investors shrug off impact of natural disaster Catastrophe bonds are unlikely to be swayed by the impact of Hurricane Sandy, as investors show little concern for the storm’s impact on the U.S. and the global insurance industry. Though Hurricane Sandy is being considered one of the largest storms to ever impact the U.S., causing approximately $20 billion in damage according to early estimates, it may not be able to cause a panic amongst investors. Catastrophe bonds have yet to show any indication of negative impact from the storm,…

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