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Video: Counting the Cost of Sandy
Willis CEO and Chairman Joe Plumeri talks to CNBC about the cost of Hurricane Sandy to the insurance industry and U.S. economy.
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Now The Storm Has Passed…
Over the past three days, Willis has been sending teams to the areas in New Jersey hit by Hurricane Sandy. Catastrophe Analysts have been surveying the damage in New York and other severely damaged...
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How the Property Marketplace is Reacting to Sandy
Even before all the lights are back on in the Northeast, Superstorm Sandy is changing our view of the property market. With recovery and assessment activity underway, claims continue to escalate and...
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Video: Cleaning Up Environmental Claims After Sandy
There’ll be a lot of complex claim scenarios following the natural disaster named Sandy that struck the heart of America’s most populous region. Among the most complicated will be those that involve...
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In a World of Climate Change There is a Growing Need for Climate Forecasting
In late October 2012, the largest Atlantic hurricane on record slammed into New York, one of the world’s most populated cities and one of its leading financial and economic centres. “Super-storm” Sandy...
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Financing Future Catastrophes
I read an interesting analysis of the current state of play with regard to financing disasters in the New York Times Opinion pages recently. The authors, Erwann Michel-Kerjan and Howard Kunreuther, are...
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Australian Bushfires: “Dome of Heat” Breaks Temperature Records: Initial...
Large parts of central and southern Australia are suffering from a persistent heatwave that has caused catastrophic bushfires across Tasmania, New South Wales and Victoria. They are the worst bushfires...
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Chile Earthquake 3 Years On: The Dust has Finally Settled
The 8.8 earthquake that hit the central coast of Chile on 27 February 2010 was the biggest natural disaster that the Chilean general insurance market has ever had to face. The losses from the...
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Natural and Cyber Catastrophes Bring Reputational Risk to the Fore
Risks associated with a company’s corporate reputation are evolving as a major topic of conversation and concern among risk managers.
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Could an Earthquake Cause the Next Financial Crisis?
On January 17, 1995, an earthquake struck the Japanese port city of Kobe, killing 6,500 people and destroying $100 billion worth of property and capital. Five weeks later, Barings Bank was declared...
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Hurricane Sandy Will Reveal the Cost of Poor Supply Chain Management
Once the full extent of the damage from Sandy is analysed, I have no doubt we will see large business interruption (BI) losses and again we will see many cases of inadequate and ineffective supplier...
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Video: Sandy’s Price Tag Keeps Climbing
The Wall Street Journal reported today that catastrophe modeling firm Risk Management Solutions is telling clients that insured losses from Hurricane Sandy could reach $25 billion or more, the highest...
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Haiyan Loss
Every time there is a major natural catastrophe somewhere in the world, losses are measured in several terms. First and foremost there is the human cost. While the loss of life may eventually be...
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Video: Counting the Cost of Sandy
Willis CEO and Chairman Joe Plumeri talks to CNBC about the cost of Hurricane Sandy to the insurance industry and U.S. economy.
View ArticleClik here to view.
In a World of Climate Change There is a Growing Need for Climate Forecasting
In late October 2012, the largest Atlantic hurricane on record slammed into New York, one of the world’s most populated cities and one of its leading financial and economic centres. “Super-storm” Sandy...
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Building Resilience Around Natural Hazards and Climate Change
A changing climate and rapidly growing exposure to natural catastrophes presents the world with an unprecedented challenge. The number of extreme weather events has doubled since the 1980s to an...
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Creative solutions for adverse-weather catastrophes
The recent flooding in Louisiana, by some referred to as the Great Flood of 2016, has been described by the American Red Cross as the worst catastrophe to have hit the United States since Hurricane...
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Insights from the Willis Re Flood Club: the weaknesses and strengths of flood...
When industry experts gathered to consider the state of flood modelling, they discovered a disconnect between theory and reality that can leave insurers under some expensive water. So what’s next for...
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Learning about natural hazards: A recap of Willis Research Network’s spring...
This past spring, Willis Research Network (WRN) hosted a series of morning seminars that featured a number of research projects and partners. Topics ranged from severe convective storms to corporate...
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