Analysis : AON Benfield’s report on global natural perils in August
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, today releases its latest Monthly Cat Recap report, which provides an analysis of global natural perils in August. Published by the Impact Forecasting team, Aon Benfield’s catastrophe model development center of excellence, the report reveals that the month was dominated by historic floods in Pakistan destroying over 1.25 million homes, a massive landslide in China that killed at least 1,467 people and tropical storm activity in the Atlantic and the Western Pacific. In... Lire la suite
Obama says health reform expended Medicare
US President Barack Obama showcased Friday his health care reform for the elderly, saying it had significantly extended the life of a health insurance program designed for them. “Reform has actually added at least a dozen years to the solvency of Medicare — the single longest extension in history — while helping to preserve Medicare for generations to come,” Obama said in his weekly radio address. The health care legislation, passed by Congress and signed by the president into law in March, will extend medical coverage to... Lire la suite
Pakistan hit by worst floods since 1929
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, today releases the latest edition of its Monthly Cat Recap report, which provides an analysis of worldwide catastrophic events in July. Published by the company’s Impact Forecasting team, who evaluate global perils for the re/insurance industry, the report highlights that the month witnessed some of the worst flood events in history, with Asia being particularly affected by the deluge. In Pakistan, more than 1,500 people died when monsoonal rains gave rise to flooding... Lire la suite
Weather Warning – July 27: Heavy rain expected in East of England and East Midland
The Met Office has issued on Tuesday a weather warning from 15.30 to 20.00 for East of England and East Midland. Heavy rain is expected in local areas like Norfolk, Peterborough and Lincolnshire. “Heavy and perhaps thundery showers will continue to move east across parts of East Anglia and south Lincolnshire over the next few hours before clearing from the west. Rainfall totals of 15mm in 3 hours are expected locally.” “The public are advised to take extra care and refer to the Highways Agency for further advice regarding traffic disruption... Lire la suite
Insurers may hike premiums for flood-prone properties in Singapore after a deluge caused millions of dollars in damage and led to luxury stores being barricaded with sandbags, a report said Friday. “Three floods within a one-month period is unprecedented in Singapore,” General Insurance Association president Derek Teo told the Straits Times as businesses and homeowners in the city-state braced for more rains. The daily estimated that claims for damage to property and vehicles since mid-June could exceed 10 million Singapore dollars... Lire la suite
