Disaster Insurance Radar

Observatory needs repair after winter disaster - Space Daily

Thu, 24 May 2012 17:34:54 PDT

Observatory needs repair after winter disaster
Space Daily
A current bid to replace the dome sets the repair price at $72000, all of which will be covered by DU's disaster insurance policy. The Meyer-Womble observatory was built and gifted to DU in 1996 with an upgraded NASA 24 inch telescope.

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Shell self-insurance of Arctic drilling risk - Royal Dutch Shell plc .com

Wed, 23 May 2012 13:09:56 PDT

Royal Dutch Shell plc .com

Shell self-insurance of Arctic drilling risk
Royal Dutch Shell plc .com
I just read your blog about Shell not being able to obtain disaster insurance for its operations in the Arctic. I interpret this to mean that the insurance underwriters, who are pros at this sort of thing, find the probability of an 'accident' on the ...

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NDMA seeks Rs20b to meet flood challenges - The Nation, Pakistan

Sat, 26 May 2012 23:08:02 PDT

The Nation, Pakistan

NDMA seeks Rs20b to meet flood challenges
The Nation, Pakistan
The NDMA was planning to make 'National Disaster Insurance Cell' in different parts of the country but idea could not be fully materialized due to insufficient funding for this project. It was learnt that an appeal for $356 million was launched with ...

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Kames' Roberts buys 'disaster insurance' - Investment Week

Thu, 10 May 2012 08:40:48 PDT

Kames' Roberts buys 'disaster insurance'
Investment Week
Kames Capital's David Roberts has added "disaster insurance" to the £510m Strategic Bond fund on doubts the markets will be able to function smoothly over the summer. Roberts, (pictured), bought an emerging markets macro tail hedge in the form of CDS ...

Turkey Tightens Mandatory Quake-Insurance Rules, Hurriyet Says - BusinessWeek

Sun, 13 May 2012 23:55:44 PDT

Turkey Tightens Mandatory Quake-Insurance Rules, Hurriyet Says
BusinessWeek
Beginning in August, it won't be possible to sign up for electricity, gas or water services without a disaster-insurance policy, said Selamet Yazici, president of the Turkish Catastrophe Insurance Pool, according to the Istanbul-based newspaper.

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Pacific islands to get govt disaster aid funds - The Daily Yomiuri

Tue, 22 May 2012 11:33:33 PDT

Pacific islands to get govt disaster aid funds
The Daily Yomiuri
Under the plan, Japan will set up a Pacific natural disaster insurance system in collaboration with the World Bank and others, launching advance programs with Solomon Islands and four other countries from November, the sources said.

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Japan to pledge 370 million yen for Pacific disaster insurance - Mainichi Daily News

Wed, 09 May 2012 20:55:16 PDT

Japan to pledge 370 million yen for Pacific disaster insurance
Mainichi Daily News
TOKYO (Kyodo) -- Japan will contribute about 370 million yen for an insurance program to be set up with the World Bank to help Pacific island countries deal with the risk of natural disasters, government officials said Wednesday.

Flood-prevention plans need vigilance - Chicago Tribune

Fri, 04 May 2012 08:39:40 PDT

Flood-prevention plans need vigilance
Chicago Tribune
Jane Toothill, director of the British risk-modelling firm, said that while the government quickly came up with the national disaster insurance scheme and is putting in place measures to prevent further floods, it should also emphasise maintenance of ...

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Pakistan plans hazard risk insurance - Reuters AlertNet

Wed, 02 May 2012 09:04:55 PDT

Pakistan plans hazard risk insurance
Reuters AlertNet
Pakistan plans to pre-negotiate payments with insurance companies and also discard the need to file claims, said Qadir, as disaster insurance would need to reach people quickly. "The best part is that communities which are prone to disasters are ...

Rabobank gets best of two worlds with SFN first - Reuters

Fri, 04 May 2012 00:30:21 PDT

Rabobank gets best of two worlds with SFN first
Reuters
"DISASTER INSURANCE" From the buy-side standpoint, investors were prepared to forego the additional spread that a senior unsecured would have paid in return for a put option that allows them to sell the notes on coupon payment days at par as long as 12 ...