August 2016

In the early hours of August 24, 2016, 100 km northeast of Rome, a strong and shallow magnitude 6.2 earthquake and a series of aftershocks rattled a portion of the Apennine Mountains in central Italy, wreaking disaster on a cluster of towns and villages, particularly the areas of Amatrice, Accumoli, Norcia, and Pescara del Tronto.

AIR's crop team was selected to participate in a Scientific Cooperation Exchange Program run jointly by the United States Department of Agriculture (USDA) and China's Ministry of Agriculture (MOA) by both the U.S. and Chinese governments because of our expertise in the U.S. and China crop insurance markets

Trembling with anticipation of the "Big One," the hypothetical M8.0+ earthquake expected to occur along the San Andreas Fault, California is no stranger to earthquakes.

By the end of this September, the Bureau of Ocean Energy Management (BOEM) will have changed the criteria used to determine the amount of financial security a company must maintain for their oil and gas leases in federal waters.

Over the past seven years, regions with historically low seismicity in the central U.S. have seen a remarkable increase in the frequency of earthquakes thanks to human activity.

From my experience of explaining the concepts of catastrophe modeling, I've found that the ones associated with mathematics—and particularly with probability—are more difficult for audiences to grasp compared with, say, the scientific concepts associated with hurricanes and earthquakes.

Late on April 14, 2016, an M6.5 earthquake struck Kumamoto and Oita Prefectures in southern Japan.

As we move deeper into another Atlantic hurricane season, many in the insurance and reinsurance industry find themselves asking if this year will see an end to the very benign period of losses we have witnessed over the past decade.