Australia’s class-action exposure pushes insurers’ reserves higher
August 2 2021 by Nick Ferguson
-
Chubb set to pay US$350m in claims from collapsed Baltimore bridge: reports
- May 3
The payment is expected to be authorised within weeks, the reports said quoting an executive from WTW, who was the broker on the policy.
-
Canterbury earthquake lawsuit going to appeals court may weigh on EQC reinsurance renewals
- May 3
With the class action over underpayment of claims headed to the Court of Appeals, more claimants could join the litigation at a time when the New Zealand Earthquake Commission is looking to secure higher limits at the June 1 renewals.
-
Australia’s FY 2023 nat cat insured losses at US$850m: ICA
- May 2
Despite the year-end catastrophes, incurred claims in 2023 dropped 78% to AU$1.76bn, and claims recorded were 57% lower compared to 2022.
-
China’s insurers see US$96.5m in reported claims from week-long Guangdong rainstorm
- April 30
As of April 28, a total of 34,700 cases were filed to insurers in the southern province of China and the carriers have paid out a third of it amounting to US$28.4m.
-
WTW | Building resilience against emerging risks in Asian realty sector
WTW’s Ben MacCarthy, head of real estate, hospitality & leisure, Asia, and Jennifer Tiang, cyber leader, Asia, discuss the real estate industry’s sectoral risk landscape and the emerging role of proptech.
-
FM Global | Resilience: No longer a choice
As climate disclosure becomes mandatory and new risks emerge from natural hazards, understanding the tools that are available to build resilience is more important than ever.
