Tag: news on earthquake

Strong M7.7 Earthquake Strikes Remote Region of Southern Pakistan

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Insurance News

BOSTON, Sept. 24, 2013 – According to catastrophe modeling firm AIR Worldwide, at 7:29 a.m. Eastern time (4:29 p.m. local time), a magnitude 7.7 earthquake struck southern Pakistan. The epicenter was located 69 km (43 miles) north-northeast of Awaran in the province of Balochistan. The quake struck at a depth of 20.0 kilometers and was followed minutes later by a M5.9 aftershock. The USGS issued a red alert for this temblor, meaning that high casualties and widespread damage are probable. Rescue efforts have begun in full force with Balochistan officials…

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Magnitude 5.6 Earthquake and Aftershocks in Southwest China

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Earthquake in China

According to catastrophe modeling firm AIR Worldwide, at 11:19 AM local time this morning (3:19 UTC), a magnitude 5.6 earthquake struck southeast China, 12 km south of Jiaokui. The earthquake was followed by more than 60 aftershocks including another M5.6 earthquake, which struck 1 km south of Jiaokui at 12:15 PM local time (4:16 UTC). Both earthquakes were relatively shallow, with depths of 9.9 km and 9.8 km, respectively. The highest reported intensity in population centers is around V (moderate) in Zhaotong, which is mainly an agricultural area. At this…

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Strong Earthquake Rocks Northern Italy: AIR

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Earthquake Italy

According to catastrophe modeling firm AIR Worldwide, the second significant seismic event to hit northern Italy in just over a week occurred at 12:55 p.m. local time on Tuesday. The US Geological Survey issued a moment magnitude of 5.8 for the event. The Institute of Geophysics and Volcanology (INGV) issued a local magnitude of 5.8. Focal depth is estimated at between 9.6 km (USGS) and 10 km (INGV), making this a shallow event. It is still in the early aftermath of this event. Based on reports so far, however, AIR…

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Magnitude 8.6 Earthquake Off Sumatra Triggers Tsunami Warning But Causes Little Damage

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BOSTON, April 11, 2012 – According to catastrophe modeling firm AIR Worldwide, this morning, a M8.6 earthquake struck off the west coast of Northern Sumatra, approximately 434 km southwest of Banda Aceh, the closest population center. According to the United States Geological Survey (USGS), the earthquake occurred at 2:38 PM local time (8:38:37 UTC) and struck at a depth of 22.9 kilometers. The main shock was followed by a series of moderate aftershocks until a little more than two hours later, when a M8.2 aftershock struck 618 km south-southwest of…

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Strong Earthquake Strikes Central Chile; No Tsunami or Significant Damage Reported

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According to catastrophe modeling firm AIR Worldwide, yesterday evening, a M7.1 earthquake struck central Chile approximately 27 kilometers north-northwest of the city of Talca (approximate population of 200,000). According to the United States Geological Survey (USGS), the earthquake occurred at 7:37 PM local time (22:37:06 UTC) and struck at a depth of 34.8 kilometers. “The earthquake occurred on the subduction zone that was partially ruptured by the 2010 earthquake; it can therefore be considered another aftershock of the 2010 earthquake,” said Dr. Tao Lai, principal engineer at AIR Worldwide. “It…

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Turkey quake and the impact on the nation’s insurance market

S.Vagus

Turkey was rattled by a powerful earthquake this past Sunday, which caused widespread damage in many populated areas. AIR Worldwide, a global risk modeling firm, has released initial estimates of the extent of the damage. According to the agency, the damage is modest when compared to previous quakes that have struck the region. Nonetheless, AIR notes that the quake has claimed more than 200 lives, but government officials say that the ultimate total could be as high as 1,000. AIR notes that most urban residencies and commercial buildings are reinforced…

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Magnitude 5.8 Earthquake Strikes Virginia and Rattles the Eastern United States

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According to catastrophe modeling firm AIR Worldwide, the largest earthquake to strike Virginia in more than a century rattled buildings in downtown Richmond and caused evacuations across the east coast today. A strong earthquake struck at 17:51 UTC (1:51 p.m. local time) near Mineral, Virginia, a town with a population of about 500. The epicenter was about 40 miles northwest of the state capital, Richmond, and about 83 miles southwest of Washington, DC. The USGS issued a preliminary magnitude estimate of 5.8, revised it upward to 5.9, and subsequently downward…

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