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Volume 27, Issue 3

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Meteors and Insurance

Now that we’ve had the weekend to absorb Friday’s news of a meteor exploding over Russia’s central Ural mountains, injuring up to 1,200 and causing damage to buildings in six cities, here’s a quick recap of the insurance impact.

According to a report by catastrophe modeler AIR Worldwide, most of the damage was caused by the shock waves as the meteor broke up in the atmosphere. The force of the explosion was enough to shatter dishes, televisions, and windows.

http://www.iii.org/insuranceindustryblog/?p=3162