BOSTON, Feb. 16, 2012 – Catastrophe modeling firm AIR Worldwide released a new report titled, “Understanding Earthquake Risk in Japan Following the Tohoku-Oki Earthquake of March 11, 2011.” The M9.0 Tohoku earthquake changed the seismic risk landscape of Japan. In response, AIR scientists have conducted a detailed analysis of whether and where the stresses relieved by the Tohoku earthquake have been transferred to neighboring faults. Although damage from this event is most closely associated with the massive tsunami-which in places reached a height of more than 30 meters and demolished…
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Typhoon Ma-On Nears Japan
BOSTON, July 18, 2011 – According to catastrophe modeling firm AIR Worldwide, with winds gusting to 157 kilometers per hour (98 miles per hour), Category 2 Typhoon Ma-On (local name “Ineng”) has passed Minami Daito Island and is moving at about 19 kph (12 mph) toward the north. Currently about 885 kilometers (550 miles) southwest of Tokyo, Ma-On is expected to stay at its current intensity for the next 24 hours and make landfall on Shikoku Island Tuesday morning local time. Ma-On is a large storm with typhoon force winds…
Read MoreTokyo Power set to pay for Fukushima nuclear disaster
Tokyo Electric Power Company (TEPCO), Asia’s largest utility company, has started making compensation payments to the residents who had to be evacuated from around the Fukushima nuclear plant after the disaster in March. Now, they may end up paying a lot more according to Japan’s Chief Cabinet Secretary. The Japanese government has decided that they will not put a limit on the amount of compensation payments that TEPCO must make to residents and the local government. Japan’s government officials could have granted the company an “exemption” from being liable for…
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