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Venezuela faces $6.7 billion in economic losses from earthquakes:UNDP

Venezuela faces $6.7 billion in economic losses from earthquakes:UNDP

by AIP Online Bureau | Jun 29, 2026 | Eco/Invest/Demography, International News, Non-Life, Reinsurance

Direct physical damage is estimated at $6.7 billion (range of $4.7 billion to $8.7 billion), driven by losses to housing and economic assets, according to the preliminary assessment. This does not include infrastructure damage, wider economic disruption and...
Insurers underestimating earthquake losses due to “sonic boom” blind spot:MS Amlin

Insurers underestimating earthquake losses due to “sonic boom” blind spot:MS Amlin

by AIP Online Bureau | Jun 4, 2026 | International News, Non-Life, Reinsurance, Technology

Researchers at the Lloyd’s insurer found so called “supershear” earthquakes accounted for 66% of insured losses from earthquakes since 2016 – equivalent to $13.2 billion – yet are absent from seismic hazard models, building design codes and insurance catastrophe...
Earthquake hits Bangladesh, tremors felt in Kolkata, adjacent Bengal districts

Earthquake hits Bangladesh, tremors felt in Kolkata, adjacent Bengal districts

by AIP Online Bureau | Feb 27, 2026 | Eco/Invest/Demography, International News

The epicentre of the quake was at a place named Nayabazar in Bangladesh, some 100 km from Kolkata.The USGS said the earthquake was located at latitude 22.451°N and longitude 89.139°E, at a depth of 9.8 kilometres.There was no immediate report of any loss of life or...
Signature Global to invest Rs380 cr on earthquake resistance technology

Signature Global to invest Rs380 cr on earthquake resistance technology

by AIP Online Bureau | Jan 18, 2026 | Disaster & Management, Indian News, Risk Management, Technology

The ‘Hysteretic Tuned Mass Dampers (HTMDs)’ technology is a specialised system designed to reduce vibrations in high-rise buildings caused by wind and earthquakes.By controlling building movement, it enhances stability and occupant comfort. New Delhi:...
Death toll rises to 69 after a 6.9 magnitude earthquake strikes central Philippines

Death toll rises to 69 after a 6.9 magnitude earthquake strikes central Philippines

by AIP Online Bureau | Oct 1, 2025 | Disaster & Management, Eco/Invest/Demography, International News, Non-Life, Reinsurance, Risk Management

The Southeast Asian archipelago is one of the most seismically vulnerable countries on the planet, often experiencing more than 1,000 quakes a year A magnitude 6.9 earthquake struck in waters near the island of Cebu in the central Philippines late on Tuesday, the...
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