In the United States, effective systems are in place to help us plan for, respond to, evacuate from, and cope with dangerous and difficult emergency events. Traditionally in the late twentieth century, mass media (television and radio) were relied upon to inform the general public of impending or ongoing dangerous situations. Previously, older technology like sirens were utilized for warning of impending situations, especially severe weather. While all are still prevalent today, much of the public were left uniformed if not within nearby proximity to one of these alert platforms. Today we have many more options at our disposal.
Shortly after midnight on Tuesday March 3rd, residents of Nashville were alerted of a tornado on the ground, moving east towards downtown. Within minutes, the first reports of damages started filtering in to emergency services. The tornado caught many unaware as it tore through Nashville, following a path eerily similar to two historic tornadoes that struck the city in 1933 and 1998. The devastating EF-3 winds demolished at least 48 buildings, knocked out power to more than 50,000 homes, caused 150 injuries, and 2 people were killed by flying debris.
This week, RedZone Software is in attendance at the Cat Risk Management Conference in Orlando, FL. The conference is hosted every year by the Reinsurance Association of America (RAA). The event brings leading global experts together to meet and discuss catastrophe risk management. Representatives from all across the industry were present, including: reinsurers, modeling companies, researchers, regulators, and academics. As the conference subtitle for 2020 indicates, attendees are experiencing “Forward Looking Catastrophe Risk Management”! This is RedZone’s 3rd year in attendance featuring the RZRisk and RZExposure solutions we offer.
Although the 2019 wildfire season was less destructive than previous years, the 2019 fires and fires from previous years have had a large impact on real estate and insurance industries. Some homeowners in high-risk areas have seen loss of coverage, while others are experiencing extremely high insurance premiums. Potential homebuyers for homes in high-risk areas are being denied coverage or are backing out of purchases due to the high premiums. As wildfire frequency and intensity escalates in California, concern for the real estate market grows.
Despite 2020 starting with several large earthquakes in Puerto Rico and Jamaica, we wanted to revisit the major global earthquakes of 2019 in a sort of “year in review”. The year compared similarly to the 20 year average, with some standout large and destructive earthquakes. Read more
We’ve featured multiple stories and updates on the heartbreaking bushfire season unfolding in the Eastern and Southeastern Australia this winter. Among the many stories that have come out of the tragic circumstances has been the bushfires’ impact on the Koala population. RedZone decided to dive deeper into where the Koalas reside and take a look at how much of their habitat has been impacted the last few months. Unfortunately, the findings are largely concerning for the future of Koala’s across Australia.
Despite the trend of unprecedented wildfire destruction and the predictions for another above average potential for significant wildfire activity, the 2019 wildfire season was significantly less destructive. 2018 recorded over 49,000 fires for a total acreage of just of 4.5 million. The total acreage burned was almost half that of the previous 2 years and short of the 10 year average by more than 2 million acres.