Industry Segments: Claims Page 24 / 47
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- June 17 2022
Troubled Thai P&C player seeks turnaround after Covid claim spike
Sin Munkong Insurance is seeking the approval of a rescue plan.
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- June 15 2022
IAG New Zealand taps Tower for distribution role
Paula ter Brake will start in September and report to chief executive Amanda Whiting.
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- June 14 2022
Chubb Singapore appoints head of claims
Will Field has worked at the global insurer for over a decade.
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- June 9 2022
Perils ups Australia east coast flooding loss to US$3.5bn
The increase is US$720m above its previous estimate for the Q1 nat cat in Queensland and NSW.
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- June 7 2022
Taiwan’s P&C capital levels under pressure from Covid claims
The situation shows the danger of underwriting policies for which there is inadequate data.
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- May 24 2022
Taiwan’s Covid-19 claims may exceed US$1.38bn: report
About 7.6 million COVID-19 policies had been sold by non-life insurance companies in Taiwan.
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- May 18 2022
Malaysian insurers predict ‘substantial’ price increases due to floods: study
On average around 10% of economic losses are covered, a new report reveals.
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- May 16 2022
Queensland launches resilience scheme as more floods arrive
The US$500m Resilient Homes Flood is the largest such programme to be launched in Australia.
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- May 11 2022
Number of shipping losses in South China falls: AGCS report
One in five shipping losses still come from the region - the highest in the world.
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- May 5 2022
Australia floods hit Hannover Re’s Q1 P&C COR
The February and March floods have cost the global reinsurer US$196m so far.
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- May 4 2022
520,000 Aussie properties ‘uninsurable’ by 2030: Climate Council
80% of the risk is due to riverine flooding for "high risk" properties.
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- May 2 2022
Claims expected as record rainfall hits Townsville in Australia
The Queensland town had a US$800m flood in 2019.
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- April 21 2022
Capacity remains strong for Asia’s renewable energy boom
Major Singapore and Indonesia solar project signed as insurers tested by new technologies in hardening market.
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- April 20 2022
Australia flood loss estimate tops US$2.9bn in ‘complex’ event: Perils
The application of event definition clauses for reinsurance purposes will vary across the market.
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- April 15 2022
Queensland, NSW flood claims top US$1.8bn: ICA
RACQ's head of claims says it is one of the worst natural disasters in Australia's history.
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- April 14 2022
IAG exec issues climate change warning for Western Australia
Mark Leplastrier, executive manager for natural perils, says the market is investing in research.
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- April 14 2022
Tropical Storm Megi causes property losses
The weather event has triggered extensive damage and left 80 dead in the Philippines.
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- April 7 2022
Australia government in u-turn over Queensland’s disaster funding
The federal arm has now agreed to fund half of an extreme weather resilience package.
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- April 7 2022
ICA urges government ‘not to wash hands’ of resilience responsibility
Criticism comes over participation in Queensland's US$562m extreme weather package.
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- April 6 2022
New South Wales launches flood inquiry
The recent flooding has been some of the worst in the state's history.
