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Tech giant Xiaomi patents earthquake monitoring mobile tech

The patent describes a system that is capable of reading/monitoring seismic activity from a mobile equipment. This technology would be used in detecting earthquakes, reports GizmoChina.

The ‘mobile device’ would transfer key data obtained to send it to an earthquake processing center.

The system would also permit the underlying processor to identify and predict earthquake events based on multiple readings, the report added.

Ida losses to range from $17 to $ 25 billion:AIR

Included in the estimates are losses to onshore residential, commercial, industrial properties, and automobiles for their building, contents, and time element coverage, as well as estimated insurance take-up rates for wind and flood across the entirety of Ida’s track, including the flooding that occurred in the Northeast.

AIR’s losses do not include any estimate of losses from the National Flood Insurance Program, or any losses from offshore assets. The industry loss estimates also reflect an adjustment to account for increased material and other repair costs in the current construction market.

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