large-scale eruption of the volcano area could result in 8,000 casualties, 13,000 serious injuries and damage totals more than $ 24 billion, as reported in a recent study by WRN ( Willis Research Network), in which Mount Vesuvius appears first in the list of the 10 most dangerous volcanoes in the continent. WRN, founded by Willis Group Holdings (NYSE: WSH), the insurance broker world, is an important public-private partnership between Willis and a number of important scientific research institutes. The assessment of volcanic hazards prepared by WRN, focusing on volcanoes in Europe with a population potentially affected more than 10,000 people, was conducted by researchers at the University of Cambridge, University of Naples "Federico II" and Willis Re, reinsurance broking division of Willis. In the document entitled "Insurance Risks From Volcanic Eruptions in Europe" (insurance-related hazards volcanic eruptions in Europe), the researchers propose to use this assessment as a basis for development to create the first detailed models of insurance risk (So \u200b\u200bfar nonexistent) for volcanoes and other overseas territories of Europe. WRN's team has identified the 10 most dangerous volcanoes in Europe based on the amount of potential outbreaks, the number of people at risk and the value of property in the area around each vent. The study found that together the 10 volcanoes could affect nearly 2.1 million people, with an exposed aggregate value of residential property damage amounting to 85 billion U.S. dollars. The Icelandic volcano Eyjafjallajökull, yesterday in full eruption, is not included in the list of the most dangerous in Europe, while the ninth was added to Hekla, Iceland's most active. The study found that Vesuvius is the main risk in terms of human lives and property, because it presents the most exposed population (1.7 million), the value of residential higher (66.1 billion U.S. dollars) and the greatest potential hazard of major volcanic eruptions between 10. The study found that over 87% of the aggregate value of the property exposed for 10 volcanoes are concentrated in the Neapolitan region of Vesuvius and Campi Flegrei. The assessment of volcanic hazards in Europe, carried out by WRN and below, shows the effects on the population of the area in case of a fall of 25 cm of ash caused by a hypothetical eruption of most entities. It also shows the value total residential property in serious damage or destruction as a result of the eruption, taking into account the total number of dwellings that potentially reached by ejecta or 25 cm of ash and the cost for the complete reconstruction reported in present value. The volcano on the Caribbean island of Soufrière Saint Vincent is not in Europe, but was nevertheless included in the list of the top 10 for the significant impact that could have an awakening in Europe. Volcano Country Popolazionecolpita delleabitazioni value at risk (U.S. $ billion) 1. Vesuvius Italy 1,651,950 66.1 2. Campi Flegrei Italy 144 144 7.8 3. La Soufrière, Guadeloupe, Guadeloupe France 94 037 3.8 4. Etna Italy 70 819 2.8 5. Agua de Pau Azores, Portugal 34 307 1.4 6. Soufrière Saint Vincent Saint Vincent, Caribbean 24,493 1.0 7. Furnas Azores, Portugal 19 862 0.8 8. Sete Cidades Azores, Portugal 17 889 0.7 9. Hekla Iceland 10 024 0.4 10. Mt Pelee Martinique, France 10,002 0.4 Rashmin Gunasekera, an analyst of disaster risk at Willis Re and one of the authors of the document: "There are a number of highly active volcanoes in the broader European region, to take into account those of Iceland, Canary Islands (Spain), the Azores (Portuguese) and the French islands of the Lesser Antilles. They are all important tourist destinations, and although our estimate of losses is based on the value of property, it should be noted that even aviation, agriculture, motorized and businesses are affected. "Robin Spence, who is part of the WRN and CURB (Cambridge University Centre for Risk in the Built Environment) of CAR Ltd., and co-author of the study , said: "The large-scale volcanic eruptions are rare, but when they occur have the potential to cause enormous losses in terms of human lives and economic damage. In 2002, for example, combined with the rain only falling ash in Sicily caused losses of about 960 million U.S. dollars after the eruption of Etna. In principle, however, the volcanic eruption is an insurable risk and our study concludes that the time has come for develop a model of insurance risk for the volcanoes in Europe, to identify the extent of the potential future impacts. "WRN team consisted of Dr. Gunasekera, Prof. Robin Spence and Professor Giulio Zuccaro, Director of Research Center of PLINIVS ' University of Naples "Federico II". The volcanic hazards affecting the major metropolitan areas throughout the world, including Tokyo (Mount Fuji), Mexico (Popocatepetl) and Auckland (Auckland Field). spokesperson stated that they plan to WRN that the methodology for the determination of volcanic hazards such proposal will prove valuable in the evaluation of these and other areas, as well as Europe and its territories. Click here to read throughout the document "Insurance Risks From Volcanic Eruptions in Europe." The Willis Research Network (WRN) focuses its activities on the evaluation of the frequency, severity and impact of major disasters, from floods to hurricanes to earthquakes, and aims to help companies globally and locally, in manage those risks and sharing of the costs of these events through an approach that involves the public and private sectors. To achieve this mission, Willis has partnered with 32 major institutions specializing in a wide range of disciplines from atmospheric science and climate statistics to geography, hydrology and seismology, to assess the impact on the environment through engineering, analysis, exposure and GIS (Geographic Information Systems). For more information, visit www.willisresearchnetwork.com Willis Group Holdings plc is a leading global insurance broker that develops and delivers professional insurance, reinsurance, risk management, financial and human resource consulting and actuarial services to corporations, public and institutions worldwide. Operates through more than 400 branches in nearly 120 countries, with a global team of 17,000 associates to customers of virtually every area of \u200b\u200bthe world. For more information visit www.willis.com Willis. The original text of this announcement, written in the source language is the official version prevails. The translations are provided solely for the convenience of the reader and must return to the original text, which is the only legally valid. Article from Wall Street Italy. Photos from the web.
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