Industry Segments: Catastrophe Page 41 / 52
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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.
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- September 12 2019
Australian players warn on climate as bushfires rage
Unseasonably early bushfires are making IAG and Youi uneasy.
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- September 11 2019
NSW and Queensland bushfire claims near US$10m
Almost 100 claims have already been lodged according to the Insurance Council of Australia.
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- September 9 2019
ICA declares bushfire catastrophes
The Insurance Council of Australia is trying to help property owners in New South Wales and Queensland.
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- September 4 2019
Hurricane Dorian slams Bahamas, approaches US
The slow moving storm could have damaged or destroyed over 13,000 houses on the Bahamas.
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- September 2 2019
Hurricane Dorian makes landfall in the Bahamas
The slow moving storm is set to be a record breaker.
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- August 30 2019
Deja vu again?
Cat markets are bracing for storm season after two years of major late-summer loss events.
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- August 29 2019
Australia prepares for challenging bushfire season
The country's market is bracing for a hot and dry summer.
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- August 27 2019
Australian firms see plunge in underwriting result
Nat cats in Sydney and Queensland saw overall annual underwriting profit drop 44.7%.
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- August 19 2019
India’s regulator calls to expedite monsoon claims
The Insurance Regulatory and Development Authority of India is asking insurers to speed up claims after huge flooding.
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- August 16 2019
US$19bn of global insured losses in H1 2019: Swiss Re
Global economic losses from nat cats and man-made disasters amounted to US$44bn in the first half of 2019.
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- August 16 2019
Typhoon Lekima to cost market US$855m
The storm could be the second most expensive ever in China and result in US$7.4bn of economic damage.
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- August 14 2019
Typhoon Krosa nears Japan
The strong typhoon is set to wreak havoc across western Japan.
