CATWeek Issue

AIR Worldwide

 CATWeek Your source for catastrophe news and information
Week Ending May 10th  
 
CAT Events |  Science and Engineering |  Industry News |  Legal and Regulatory

  Feature Story

More hurricanes for Hawaii?
University of Hawaii, May 3
News of a hurricane threat sends our hearts racing, glues us to the Internet for updates, and makes us rush to the store to stock up on staples. Hawaii, fortunately, has been largely free from these violent storms in the recent past, only two having made landfall in more than 30 years.
http://www.eurekalert.org/pub_releases/2013-05/uoh-mhf050213.php

 
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 Science and Engineering News  

Earth's crust had a billion-year youthful rampage
New Scientist, May 7
Our planet has calmed down in its middle age. Earth was at its most active 1.1 billion years ago, when all the continents collided into one huge supercontinent, and has been getting calmer ever since. It's evidence that the planet has a kind of lifespan.
http://www.newscientist.com/article/dn23492-earths-crust-had-a-billionyear-youthful-rampage.html

Identifying the physical processes that control the stratigraphic record
American Geophysical Union, May 7
The stratigraphic record, the sequential layers of sediment that geologists use to reconstruct the history of a landscape, has been described as "more gaps than record." The record, laid down over time as sediment settles out from flowing water, does not grow consistently.
http://phys.org/news/2013-05-physical-stratigraphic.html

Measuring tidal displacement using GPS
American Geophysical Union, May 7
GPS is making possible high-precision, high-resolution measurements of tidal displacement that could not be achieved with other methods.
http://phys.org/news/2013-05-tidal-displacement-gps.html

Why we are sitting ducks for China's bird flu
New Scientist, May 6
If China's bird flu acquires the ability to spread between people, we don't have the drugs or vaccines to tackle a pandemic.
http://www.newscientist.com/article/mg21829150.200-why-we-are-sitting-ducks-for-chinas-bird-flu.html

Beware of slowly slipping faults
Nature Geoscience, April 29
The fault zone that hosted the devastating Wenchuan earthquake in 2008 had been assigned a moderate-to-low seismic hazard rating, because it slips slowly. In hindsight, it seems that this type of fault is not necessarily innocuous.
http://www.nature.com/ngeo/journal/v6/n5/full/ngeo1811.html

 
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 Industry News  

Robust cat bond issuance on track to set new record
Commercial Risk Europe, May 9
Reinsurance broker Guy Carpenter is predicting 'robust' catastrophe bond issuance in 2013 as investors are increasingly drawn to the market.
http://www.commercialriskeurope.com/cre/2255/88/Robust-cat-bond-issuance-on-track-to-set-new-record/

Commercial Rates Up 5% in April; Berkshire Move Could Affect Market: MarketScout
Insurance Journal, May 7
Property, casualty and professional liability insurance rates were up five percent in April, according to MarketScout's most recent composite index.
http://www.insurancejournal.com/news/national/2013/05/07/291102.htm

IT systems, supply chains at risk from natural catastrophes: Study
Business Insurance, May 7
While companies recognize the potential threats posed by natural catastrophes, many have insufficient mitigation plans in place, particularly in the area of information technology, according to research by Zurich Insurance Co. Ltd. and the Economist Intelligence Unit.
http://www.businessinsurance.com/article/20130507/NEWS06/130509872

After Sandy, More in New York City Could Face Storm Evacuations
Wall Street Journal, May 3
New York City's flood evacuation zones could be expanded to include 640,000 more people, city officials announced Friday as they presented the first major review of the city's response to superstorm Sandy.
http://online.wsj.com/article/SB10001424127887324766604578461210543507752.html

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