Industry Segments: Catastrophe Page 41 / 53
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- October 23 2019
Action on resilience can avoid uninsurable areas: ICA
There is no more time to wait says the Insurance Council of Australia.
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- October 23 2019
Typhoon Hagibis’ losses at US$8bn to US$16bn: AIR
The costs from Japan’s worst storm in decades will be significant for the market.
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- October 22 2019
Australia increases disaster mitigation spending by US$34m
The annual government funding will be much welcomed by the market.
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- October 21 2019
Japan’s P&C majors stable after typhoons: AM Best
Losses from Typhoon Faxai and Super Typhoon Hagibis should be manageable.
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- October 17 2019
AIG’s Japan limits hit by Faxai and Hagibis: analysts
The typhoons could have breached US carrier's reinsurance limits, according to Credit Suisse.
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- October 17 2019
Parts of Australia could become uninsurable: ICA
The Insurance Council of Australia has given a stark warning to the market.
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- October 16 2019
IAG firm issues New South Wales storm loss warning
NRMA's concern comes as it reveals sobering figures for 2018-19's season.
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- October 15 2019
Fewer cyclones expected in Australia this season
Despite an expected reduced number, the risk for the market remains high.
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- October 15 2019
Super Typhoon Hagibis could harden 2020 renewal rates
The Japan storm, which has flooded 37,000 homes, is likely to influence reinsurance pricing.
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- October 14 2019
Japan counts cost of Super Typhoon Hagibis
The Tokyo storm was the strongest in 60 years and will trigger millions in claims.
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- October 14 2019
Bushfires in New South Wales cause widespread damage
The fires are the latest signal it is going to be a long, destructive season.
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- October 11 2019
Disruptions expected as Super Typhoon Hagibis nears Japan
The most violent typhoon of the year will bring significant business and travel disruptions.
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- October 10 2019
Taskforce requests New Zealand EQC cap raise
A Wellington group says cover issues related to earthquakes need to be urgently addressed.
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- October 9 2019
Super Typhoon Hagibis approaching Japan
The 19th typhoon of the year to hit Japan has been upgraded to a super storm.
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- September 25 2019
Limiting Faxai loss creep
Property Claim Services’ new Japan offering should help to avoid a repeat of rising losses from Typhoon Jebi.
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- September 25 2019
Australian bushfire claims climb to almost US$14m
A severe and early bushfire season means mounting claims in Australia.
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- September 23 2019
Typhoon Tapah lands in Korea, threatens Japan
The market will be on high alert as typhoon season continues.
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- September 20 2019
Lessons from Jebi
Losses from Typhoon Jebi should not have been such a big surprise, but Faxai will test if the lessons have been learned.
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- September 20 2019
Projected Faxai losses for MS&AD and Sompo at US$2bn
The typhoon is likely to cost the majors around US$1bn each as total market claims reach 185,000.
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- September 17 2019
Typhoon Faxai losses between US$3bn to US$7bn: AIR
At times last week's Japanese storm compared in strength with Typhoon Jebi.
