Industry Segments: Catastrophe Page 25 / 52
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- March 31 2022
Cyclone reinsurance pool legislation passes in Australia
ICA urges details about the impact on premiums to be released.
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- March 28 2022
Governments should step up nat cat market outreach
Recent flooding in Malaysia and Australia reinforce urgency in setting up protection schemes.
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- March 25 2022
Larger, more frequent weather events drive Asia losses
Summer flooding in China in 2021 was one of four events globally that topped US$20bn economic loss.
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- March 25 2022
Japan earthquake property losses below US$4bn: Verisk
A maximum of US$820m can be attributed to commercial and industrial properties.
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- March 25 2022
2021 NSW and Queensland flood loss downgraded to US$515m: Perils
The data specialist had expected in September that the event would cost the market US$562m.
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- March 24 2022
Australia flood claims reach US$1.8bn: ICA
Over 159,000 claims lodged with insurers in one of the country's worst flooding disasters.
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- March 18 2022
New Zealand introduces nat cat Bill for disaster response
The move helps clarify the current Earthquake Commission Act and takes lessons from 2010-11.
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- March 17 2022
Suncorp sees 34,000 flood claims, ups nat cat allowance
The group is forecasting a net retained loss of US$54m as it seeks recoveries from reinsurance.
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- March 14 2022
Flood claims hit US$1.5bn: ICA
Over 135,000 claims have been received from south-east Queensland and New South Wales.
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- March 10 2022
IAG ups FY nat cat estimate to US$800m
The group has received 24,000 recent flood claims and says that it has 'all hands on deck'.
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- March 9 2022
Flood claims estimate tops US$1bn: ICA
The ICA is working with authorities to expedite visas for recovery personnel deployed overseas.
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- March 7 2022
Insurers continue to count cost of Australia’s floods
Filed claims now at more than 86,700, according to March 7 data from the ICA.
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- March 4 2022
Flood claims in Queensland, NSW above US$650m: ICA
Over 60,000 claims have already been filed as the emergency continues.
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- March 3 2022
Reinsurers on alert as Australia flood claims projected to top US$1.45bn
The Queensland and NSW floods could become one of the costliest nat cats in the country's history.
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- March 2 2022
Claims top 30,000 as Australia floods worsen
NSW premier described the extreme weather as a 'one-in-a-1,000' year event.
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- March 1 2022
Australian market counts cost of ‘unprecedented’ flooding
Parts of Queensland and NSW impacted, with Suncorp reporting US$54m of claims already.
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- February 22 2022
ICA warns disaster funding needs doubling
All Australian governments also need to collectively lift funding over the next five years.
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- February 21 2022
Vietnam joins South-East Asia disaster facility
Seadrif membership helps with the likes of risk modelling and risk management.
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- February 16 2022
Profits at Japan’s ‘big three’ bounce back
MS&AD, Sompo and Tokio Marine had a strong first nine months both in Japan and in their Asia subsidiaries.
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- February 11 2022
IAG profit boost despite cat miss
Aussie giant's premiums grew to US$4.58bn in H1 2022 as intermediated division saw 9% price increases.
