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Disaster Preparedness Recovery News

  • Cyclone Debbie Costs Approximately $350M
    Swiss Re estimates its claims burden from Tropical Cyclone Debbie in Australia at approximately USD 350 million, net of retrocession and before tax. Swiss Re expects Cyclone Debbie to have resulted in a higher share of large commercial and corporate losses compared to similar events in the past. The total insured market losses for wind, flood and storm surge damages are estimated to be approximately USD 1.3 billion. Tropical Cyclone Debbie made landfall on 28 March 2017 as a category 4 hurricane; making it the strongest cyclone to hit the Australian region since 2015. The eye of the storm came…
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    Written on Wednesday, 19 April 2017 05:30 in iPMI Magazine Disaster Preparedness Recovery News
  • Severe US Weather Expected To Cost Insurers More Than $2bn
    Impact Forecasting, Aon Benfield's catastrophe model development team recently launched the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during March 2017. Aon Benfield is the global reinsurance intermediary and capital advisor of Aon plc (NYSE: AON). The report reveals that an extremely active period for severe weather persisted in the United States throughout March, as four separate significant outbreaks led to extensive damage in central and eastern parts of the country. The most prolific outbreak from March 6-10 resulted in major damage from tornadoes, large hail…
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    Written on Tuesday, 18 April 2017 12:07 in iPMI Magazine Disaster Preparedness Recovery News
  • Early Start To Severe Weather Season Takes Its Toll On US Economy
    Aon Benfield's catastrophe model development team recently launched the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during February 2017. Aon Benfield is the global reinsurance intermediary and capital advisor of Aon plc (NYSE:AON). The report reveals that five outbreaks of severe weather hit the United States during February, one of which comprised 60 confirmed tornado touch-downs in the Midwest, Southeast, and Mid-Atlantic. Among the hardest-hit states were Illinois, Missouri, Indiana, Arkansas, Kentucky, and Tennessee, as large hail and damaging winds also caused substantial impacts to homes,…
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    Written on Tuesday, 18 April 2017 12:04 in iPMI Magazine Disaster Preparedness Recovery News
  • Video Info Graphic: Natural Catastrophe Losses At Their Highest For 4 Years
    A number of devastating earthquakes and powerful storms made 2016 the costliest twelve months for natural catastrophe losses in the last four years. Losses totalled US$ 175bn, a good two-thirds more than in the previous year, and very nearly as high as the figure for 2012 (US$ 180bn). The share of uninsured losses – the so-called protection or insurance gap – remained substantial at around 70%. Almost 30% of the losses, some US$ 50bn, were insured. “After three years of relatively low nat cat losses, the figures for 2016 are back in the mid-range, where they are expected to be.…
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    Written on Friday, 03 February 2017 14:15 in iPMI Magazine Disaster Preparedness Recovery News
  • Coastal Wetlands Save Hundreds of Millions of Dollars in Flood Damages During US Hurricanes
    As communities across the Southeast U.S. and the Caribbean count the cost of flood damage during Hurricane Matthew, a pioneering study, Coastal Wetlands and Flood Damage Reduction, has quantified how much protection natural coastal habitats provide during hurricanes. Using the latest modelling techniques scientists from the conservation, engineering and insurance sectors studied the impact of Hurricane Sandy in the Northeast U.S. in 2012, when New York and New Jersey were badly hit by storm surges. The study found more than US$625 million in property damages were prevented during this natural catastrophe by coastal wetlands along the Northeast coast. Without them…
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    Written on Thursday, 10 November 2016 08:44 in iPMI Magazine Disaster Preparedness Recovery News
  • Tianjin Explosions Cause Biggest Insured Loss
    Global insured losses from natural catastrophes and man-made disasters in 2015 were USD 37 billion, well-below the USD 62 billion average of the previous 10 years. There were 353 disaster events last year. Of those, 198 were natural catastrophes, which is the highest number in one year, according to sigma records. Global insured losses from natural catastrophes and man-made disasters were USD 37 billion in 2015, below the USD 62 billion annual average of the last 10 years; This only covered about 40% of total global economic losses; Explosions at Tianjin port in China were the biggest insured-loss event of…
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    Written on Friday, 01 April 2016 09:18 in iPMI Magazine Disaster Preparedness Recovery News
  • Swiss Re And Veolia To Partner Under The Auspices Of The Rockefeller Foundation To Speed Up Recovery In Wake Of Catastrophes
    Cutting edge pre-funded infrastructure resilience partnership – brokered by 100 resilient cities – will help ensure vital recovery of critical infrastructure after disastrous events in cities and countries around the world. The two firms will work with 100RC Cities, including New Orleans, on putting this partnership into practice. The Rockefeller Foundation, Veolia, and Swiss Re Corporate Solutions Ltd, have joined forces to unveil an innovative infrastructure recovery initiative to speed up economic recovery in the aftermath of catastrophic events for cities across the globe. The partnership, designed to support cities worldwide in the areas of climate change adaptation, disaster risk…
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    Written on Wednesday, 10 February 2016 07:07 in iPMI Magazine Disaster Preparedness Recovery News
  • Global Economy Faced $123bn Natural Hazard Impact In Warmest Year On Record
    The Annual Global Climate and Catastrophe Report by Impact Forecasting, which evaluates the impact of the natural disaster events that took place worldwide during 2015, is out today. The report reveals that 300 separate global natural disasters occurred in 2015, compared to the 15-year average of 269 events, causing a combined total insured loss of USD35 billion – 31 percent below the 15-year average of USD51 billion, and the lowest annual insured loss total since 2009. The costliest event for insurers was a February winter storm that impacted much of the Eastern United States and resulted in public and private…
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    Written on Wednesday, 13 January 2016 15:51 in iPMI Magazine Disaster Preparedness Recovery News
  • Significant Storm Events In The U.S. And U.K. Contribute To $4bn December Insurance Bill
    Aon Benfield's catastrophe model development team launches the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during December 2015. The study will be shortly followed by Impact Forecasting's Annual Global Climate and Catastrophe report – scheduled to be launched on January 13 – which will offer a comprehensive analysis of the natural disaster events of 2015, and whose preliminary data reveal that despite a higher than normal number of disasters, overall losses were below normal on both an economic and insured loss basis. The United States accounted…
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    Written on Wednesday, 13 January 2016 07:10 in iPMI Magazine Disaster Preparedness Recovery News
  • Indian Economy Suffers $3bn Loss From Persistent Floods Amid Low Insurance Penetration
    Impact Forecasting launches the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during November 2015. The report reveals that an enhanced North East Monsoon – almost certainly impacted by current El Niño conditions – brought weeks of torrential rainfall to southern India and Sri Lanka for much of November and early December, killing at least an estimated 386 people in the heavily impacted states of Tamil Nadu and Andhra Pradesh. The Chennaimetropolitan region in India was particularly damaged by the event. Total economic losses in India were…
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    Written on Sunday, 20 December 2015 11:31 in iPMI Magazine Disaster Preparedness Recovery News
  • The $1.3US Trillion Disaster Protection Gap
    Floods, earthquakes, hurricanes and droughts continue to ravage countries and destroy lives and economies. The gap between insured and total losses is widening, while many disaster-prone countries lack financial preparedness. Governments are uniquely exposed to these risks. Innovative insurance tools and solutions can help bridge this gap, but it's crucial to arrange them before catastrophe strikes, says a new Swiss Re publication launched at the World Bank /IMF annual meetings in Lima. In "Disaster risk financing: Smart solutions for the public sector" Swiss Re shows that the economic cost of natural catastrophes has grown markedly in the last 40 years.…
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    Written on Tuesday, 01 December 2015 10:43 in iPMI Magazine Disaster Preparedness Recovery News
  • Global Catastrophe Losses In October Expected To Top USD10BN
    Aon Benfield's catastrophe model development team, today launches the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during October 2015. Aon Benfield is the global reinsurance intermediary and capital advisor of Aon plc (NYSE:AON). The report reveals that the expected USD2.0 billion minimum economic cost of the South Carolina & eastern U.S. floods will place the event as one of the top 10 costliest non-tropical cyclone flood events in the country since 1980. Public and private insurers have already reported more than USD400 million in payouts. Meanwhile,…
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    Written on Friday, 06 November 2015 07:19 in iPMI Magazine Disaster Preparedness Recovery News
  • Medical Aid Blocked From Entering Besieged Area In Taiz
    Despite weeks of intense negotiations with Ansarallah (Houthi) officials, Doctors Without Borders/Médecins Sans Frontières (MSF) cannot deliver stocks of essential medical supplies to two hospitals in a besieged enclave of the city of Taiz, in southern Yemen. "The hospitals in this besieged area are seeing a large number of patients with war wounds," said Karline Kleijer, MSF emergency manager for Yemen. "And yet we have been prevented from delivering essential medical supplies—including chest tubes, anesthetic drugs, IV fluid, sutures, and antibiotics — to help staff provide lifesaving surgery." Residents of the enclave in Taiz speak of increasing restrictions to bring…
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    Written on Tuesday, 03 November 2015 07:23 in iPMI Magazine Disaster Preparedness Recovery News
  • Clements Worldwide Partners with Toyota Gibraltar Services (TGS) to Deliver Better Fleet Solutions to Humanitarian Aid Organizations
    TGS and Clements Worldwide offer an end-to-end fleet protection program to humanitarian aid organizations, including anti-theft and safety features, paired with optional driver training from TGS, and customized fleet insurance from Clements. The customized insurance is designed specifically for the challenging circumstances faced by aid workers from extreme weather to war and terrorism, and nascent infrastructure, such as roads and repair facilities. “The need for humanitarian aid has never been greater – and this aid is often delivered through high-performance vehicles that can adjust to any terrain and withstand extreme circumstances,” stated Frederic Burgod, Sales Director of Toyota Gibraltar Services.…
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    Written on Thursday, 29 October 2015 13:55 in iPMI Magazine Disaster Preparedness Recovery News
  • New Report Finds Much Has Been Learned To Protect Communities 10 Years After Katrina
    Zurich North America and the Wharton Risk Center today released Beyond Katrina: Lessons In Creating Resilient Communities, a white paper outlining flood resilience strategies implemented since one of the nation’s most destructive storms ravaged New Orleans and the surrounding Gulf Coast region. At the same time, Beyond Katrina acknowledges that many vulnerabilities still exist that put our cities at risk in the face of extreme weather. Combining Zurich’s risk management intelligence with Wharton’s analysis of the economic, financial and insurance impact of natural disasters, Beyond Katrina offers objectives and some solutions that address the vulnerabilities and engender more resilient communities…
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    Written on Friday, 21 August 2015 06:36 in iPMI Magazine Disaster Preparedness Recovery News
  • UnitedHealthcare And Optum Act To Support People Affected By Idaho Wildfires
    UnitedHealthcare and Optum are taking immediate action to help people affected by ongoing wildfires in a number of counties across Idaho. This includes a free emotional-support line to help people in the affected communities, and assisting health plan participants who may be affected and need to make alternate arrangements to ensure continuity of care. Free Help Line: Optum, a leading health and behavioral health services company, is offering a free emotional-support help line. The toll-free number, 866-342-6892, will be open 24 hours a day, seven days a week, for as long as necessary. The service is free of charge and…
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    Written on Friday, 21 August 2015 06:28 in iPMI Magazine Disaster Preparedness Recovery News
  • Preliminary Sigma Estimates For First-Half 2015: Global Catastrophes Cause Economic Losses Of USD 37 Billion; Number Of Victims Rises
    According to preliminary sigma estimates, total economic losses from natural catastrophes and man-made disasters reached USD 37 billion in the first half of 2015. The global insurance industry covered nearly 45% (USD 16.5 billion) of these losses, which is higher than the previous 10-year average cover of 27%. Around 18 000 people lost their lives in disaster events in H1 2015, up from more than 4 800 in the first half of last year. The earthquakes in Nepal, and a heatwave in India and Pakistan, claimed the highest number of victims. Natural catastrophes caused total economic losses of USD 33…
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    Written on Friday, 14 August 2015 08:04 in iPMI Magazine Disaster Preparedness Recovery News
  • Catastrophe Losses Hit USD46 Billion But Represent A 58% Drop In The First Half Average
    Impact Forecasting, Aon Benfield's catastrophe model development team, today launches the latest edition of its Global Catastrophe Recap: First Half of 2015 report, which evaluates the impact of the natural disaster events that occurred worldwide in the first six months of the year. Aon Benfield is the global reinsurance intermediary and capital advisor of Aon plc (NYSE: AON). Global natural disaster losses during the first half of 2015, from both an economic and insured loss perspective, were each below the 10-year (2005-2014) average. Preliminary data determined that economic losses were USD46 billion, down 58 percent from the 10-year average of…
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    Written on Thursday, 30 July 2015 06:03 in iPMI Magazine Disaster Preparedness Recovery News
  • Preliminary Economic Impact Of Nepal Earthquake May Reach $5bn
    Impact Forecasting, Aon Benfield's catastrophe model development team, launches the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during April 2015. Aon Benfield is the global reinsurance intermediary and capital advisor of Aon plc (NYSE:AON). The report reveals that a magnitude-7.8 earthquake struck Nepal during the month, killing as many as 10,000 people and causing catastrophic damage throughout Nepal, India, China, and Bangladesh. Preliminary economic losses were expected to reach and possibly exceed USD5.0 billion – which would equal to at least 25 percent ofNepal's gross domestic…
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    Written on Thursday, 21 May 2015 05:38 in iPMI Magazine Disaster Preparedness Recovery News
  • Insurance Agents, Brokers Now Benefit From Innovative New Private Flood Product Suite
    National Flood Services, a division of Affinity Insurance Services, Inc., is introducing a revolutionary line of private flood insurance products, delivered via the FloodChoiceSM agent system, which unlocks new options for consumers and insurance agents looking for a simplified, cost effective way to address flood risk. These programs complement NFS’s relationships with Write-Your-Own insurance companies participating in the National Flood Insurance Program (NFIP). NFS is the NFIP’s largest processor, with $2.2 billion in premium and three million policies. “We believe our new private product suite changes the way consumers and agents view flood insurance,” said John Dickson, president of Advanced…
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    Written on Thursday, 21 May 2015 05:34 in iPMI Magazine Disaster Preparedness Recovery News
  • UN And Partners Launch $415 Million Appeal To Aid Quake-Stricken Nepal
    The United Nations have launched a $415 million emergency appeal to provide vital relief to people affected by the devastating 7.8 magnitude earthquake that struck the densely populated Kathmandu Valley in Nepal on Saturday, killing at least 5,000, injuring at least 10,000 more. The joint action plan aims to support Government efforts in addressing the most critical needs of millions of people in need of shelter, water and sanitation, emergency health, food, and protection for the next three months, after the tremor and many powerful aftershocks destroyed around 70,000 houses and damaged another 530,000 across 39 of Nepal’s 75 districts.…
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    Written on Thursday, 30 April 2015 06:00 in iPMI Magazine Disaster Preparedness Recovery News
  • International Medical Corps Deploys Critically Needed Medical Staff To Nepal
    International Medical Corps’ emergency response teams are on the ground in Nepal following the devastating earthquake. The organization’s teams are working to deliver lifesaving medicines and supplies, coordinating with local and international partners and conducting assessments near the epicenter of the quake. International Medical Corps is also deploying additional staff and resources to support relief efforts and will be operating mobile medical units in the hardest-hit areas. Many health facilities are damaged or destroyed and those that are functioning are running low on supplies including antibiotics and IV fluids. “We're providing medical relief, treating patients and trying to assess the…
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    Written on Tuesday, 28 April 2015 09:46 in iPMI Magazine Disaster Preparedness Recovery News
  • ESIS Launches Mobile Solution to Help Risk Managers Mitigate and Manage Environmental Incidents
    ACE Group have announced that its risk management services division, ESIS, Inc., launched a new environmental incident reporting, testing, and response solution. ESIS On CallTM provides immediate support to property and risk managers who must mitigate the risks associated with the release of hazardous materials into the environment. This new product offering is a single source, turnkey, cost containment solution delivering specialized, targeted support to clients faced with potential environmental disasters. ESIS On Call also offers an app that provides clients with round-the-clock resources needed to respond to an event, via phone, the Internet, and the proprietary mobile application. To…
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    Written on Tuesday, 21 April 2015 05:23 in iPMI Magazine Disaster Preparedness Recovery News
  • March Windstorms Cause Billion-Dollar Damage Across Europe
    Windstorm Niklas recorded as costliest non-U.S. event in first quarter 2015 Impact Forecasting, Aon Benfield's catastrophe model development team, have launched the latest edition of its monthly Global Catastrophe Recap report, which evaluates the impact of the natural disaster events that occurred worldwide during March 2015. Aon Benfield is the global reinsurance intermediary and capital advisor of Aon plc (NYSE:AON). The report reveals that Windstorms Mike and Niklas swept through western and central Europe at the end of March, killing at least nine people and causing widespread damage. Hurricane-force winds were noted in parts of Germany, the UK, Netherlands, Switzerland,…
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    Written on Friday, 10 April 2015 07:17 in iPMI Magazine Disaster Preparedness Recovery News
  • Heavy Rains Temporarily Suspend Operations at Kinross' Maricunga Mine
    On March 24, Chile's Northern Atacama region experienced an extreme weather event, with heavy rains causing flooding and damaging infrastructure. Mining operations throughout the region were affected, including Kinross Gold's (TSX: K) (NYSE: KGC) Maricunga mine, where mining and crushing operations, and the SART plant, remain temporarily suspended. The ADR plant continues to operate, producing gold from existing material in the heap leach. The Company is assessing the extent of the damage to roads and power lines to Maricunga, which is located 120 km east of the city of Copiapó, at approximately 4,500 metres above sea level. The main road…
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    Written on Thursday, 02 April 2015 07:27 in iPMI Magazine Disaster Preparedness Recovery News

Medical Travel Assistance

Medical, travel and technical assistance companies may provide out-of-hospital emergency healthcare services and manage medical cases for healthcare payors under member healthcare, medical, expatriate and travel insurance programs. Global Healthcare Insurance Companies rely on Medical, travel and technical assistance companies to provide a myriad of international assistance services. Medical, travel and technical assistance companies are located all over the world and act as an extended arm of assistance for expatriates, business travelers and tourists. Medical, travel and technical assistance companies may offer 24/7 Third Party Administration; Cost Containment and Medical Case Management Services; Air Ambulance Services including MEDEVAC, Non Medical Evacuation, Medical Escorts on Commercial Airlines and Repatriation Services.