Blog | Gen Re

Our Perspective

Ongoing Drought Conditions Increase Wildfire Risk In The Southeast

By Chris Beston|November 16, 2016|English

When we think of wildfires in the U.S., we typically associate them with the western states during the hot and dry summer months. But the reality is that wildfires happen all across our country and they are not limited to a specific time period. The...
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Lessons From the Tianjin Explosion - Business Interruption and Contingent Business Interruption

By Edmund Fernandez |October 19, 2016|English

The port of Tianjin is a hub for advanced industry and financial activity, and the massive explosion that occurred in August of 2015 resulted in 165 deaths; eight people missing and 798 injured; 304 buildings, 12,500 vehicles and 7,500 containers were...
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Vapor Cloud Explosion Modeling - Estimated Maximum Loss of Tank Farms

By Seong Wook Kim|October 05, 2016|English

On 11 December 2005, a massive explosion measuring 2.4 on the Richter scale at the Buncefield Oil Storage Depot in the UK destroyed 23 large fuel storage tanks and burned for five days. The incident is regarded as the largest explosion in Europe since...
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U.S. Wildfire Risk Continues to Rise

By Martha Flanagan|October 03, 2016|English

Wildfire risk in North America is on the rise, primarily driven by a combination of warmer, drier conditions and the significant human expansion along the wildland-urban interface. Record high temperatures and drought over the past decade throughout...
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Additional Insureds - A Question of Interpretation

By Bob Button|September 29, 2016|English

Some of the most complex and hotly contested large commercial claims disputes have to do with Additional Insured (AI) coverage. Provisions related to AI coverage are especially common in construction contracts in which subcontractors may be required...
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Fire Losses During Construction Can Be Alarming

By Eric Michot |September 15, 2016|English

Construction or renovation projects represent a significant risk for insurers. From the early stages of a project to the final phase when the largest concentration of values are on the site, losses from fire can add up for insurers. I will discuss a...
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