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By Chad Hemenway, PropertyCasualty360.com |
June 17, 2011
More earthquakes have struck Christchurch, New Zealand, and catastrophe-risk modeler EQECAT says the damage could cause an additional $3 billion to $5 billion in insured losses.
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By Chad Hemenway, PropertyCasualty360.com |
June 15, 2011
The New Zealand Earthquake Commission and the Insurance Council have agreed to ask the country’s High Court for a ruling regarding insurance coverage for a recent earthquake.
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By Chad Hemenway, PropertyCasualty360.com |
March 7, 2011
Losses from a magnitude 6.3 earthquake that struck Christchurch, New Zealand Feb. 21 (Feb. 22 local time) could total as much as $12 billion, according to one estimate cited in a note to clients from a JP Morgan Chase & Co. analyst.
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By Chad Hemenway, PropertyCasualty360.com |
March 4, 2011
Aon Benfield said assessing insured losses from the latest Christchurch, New Zealand earthquake will be “extremely difficult and complex” because of an earlier quake, known as the Darfield earthquake, that struck the same region in September 2010.
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By Chad Hemenway, PropertyCasualty360.com |
February 25, 2011
The latest New Zealand earthquake is “absolutely not” the type of event to harden the reinsurance market, said the global head of business intelligence for Guy Carpenter.
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By Chad Hemenway, PropertyCasualty360.com |
February 24, 2011
Moody’s Investor Services said it will take no immediate action on New Zealand and Australia issuers as a result of the Christchurch earthquake on Feb. 21 but that losses could hinge on whether this quake is considered a new event.
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By Chad Hemenway, PropertyCasualty360.com |
September 7, 2010
Modelers estimate insured losses of between $1 billion and $4.5 billion from Saturday's magnitude 7.0 earthquake in New Zealand.
