Beirut’s hull, cargo and port losses within US$250m: GC
August 11 2020 by Andrew Tjaardstra-
BOC Aviation assessing implications on insurance claims for two jets recovered from Russia last week
- March 25
The Singaporean lessor has made US$258m in insurance recoveries for 11 aircraft, while the remaining six planes have net pre-tax write-down value of US$310m.
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New Zealand court overturns tribunal’s imposition of new obligations on home insurance claims
- March 21
Canterbury Earthquakes Insurance Tribunal in 2022 ordered that IAG New Zealand had to pay all repair costs upfront upon entering a building contract.
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Kiwi insurers settle 91% of US$2.3bn in claims from Cyclone Gabrielle and Auckland flooding: ICNZ
- March 20
The carriers have settled 106,891, of 117,414 claims valued and have so far paid out US$1.85bn (82%) for both events, with residential house claims at 92%, and both contents and motor at 94% fully settled.
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(Re)insurers embrace generative AI for better underwriting, claims management
- March 15
Early adopters are exploring the use of AI tools across the entire insurance value chain, including portfolio accumulation, risk quoting, and risk management.