Industry Segments: Claims Page 25 / 41
-
- July 13 2021
Olympics’ spectator ban to cost reinsurers US$300–400m: Fitch
Reinsurers to pay for ticket and hospitality refunds after a state of emergency was declared in Tokyo.
-
- July 12 2021
Tropical Cyclone Seroja to cost insurers US$324m: Perils
The loss figure for the Australian market covers both property and motor hull lines of business.
-
- July 9 2021
Hong Kong’s trade credit insurer sees claims fall US$64m
The government body posted an underwriting profit of US$3m.
-
- July 6 2021
Ever Given to set sail as parties agree claim payout
Payout set to be far less than the original demand of US$900m.
-
- July 6 2021
BI claims saga to hit Australia’s insurers hard
The UK's highest court overturned a long-held global precedent in January.
-
- June 28 2021
South Korea’s Coupang eyes US$300m claim over logistics centre fire
Korean Re, DB, KB, Lotte and Heungkuk F&M are the insurers involved.
-
- June 25 2021
Australia’s High Court rejects ICA’s BI appeal
Insurers face billions in claims but a second test case is already underway.
-
- June 22 2021
Victoria flood claims surpass A$160m
The Insurance Council of Australia has told IAN over 17,800 claims have been lodged so far.
-
- June 21 2021
Asia marine market braces for X-Press Pearl ‘total loss’
The focus is now on wreck removal and containing the environmental damage.
-
- June 18 2021
Australian disrupter Honey Insurance raises A$15.5m
The online home insurance underwriting agency is backed by the mutual motor insurer RACQ.
-
- June 16 2021
Credit Suisse prepares Greensill claims–report
A Tokio Marine subsidiary provided the trade credit insurance for the bankrupt supply chain finance firm.
-
- June 15 2021
Victoria flood losses to rise as ICA reveals over 10,500 claims
Suncorp and IAG breach nat cat allowances as Insurance Council of Australia declares catastrophe.
-
- June 14 2021
Sri Lanka’s non-life market to veer away from motor
Fitch analyst tells IAN a vehicle import ban has created a shift toward other business lines.
-
- June 11 2021
Cambodia resilient as general insurance grows 10.5% in 2020: report
The highest increases were seen in property and medical insurance.
-
- June 7 2021
Ever Given compensation being reassessed by Egypt authority
The Suez Canal Authority has revised its initial US$900m demand.
-
- June 4 2021
East Asia summer cyclone activity to be ‘above normal’: Guy Carpenter
The number of formations is expected to increase 44% compared to the historical six-month average.
-
- May 31 2021
India’s non-life market to face continued headwinds
AM Best notes that motor, health and crop lines were some of the worst performing in FY 2021.
-
- May 27 2021
Philippines’ insurers paid US$80m in Covid-related claims in 2020
Insurance Commission survey reveals almost one-third of payouts went to death benefits.
-
- May 27 2021
Tower Insurance hit by cat claims as H1 profit drops 19.5%
New Zealand P&C player dealt with a large fire and severe flooding, but GWP climbed 6% to US$141m.
-
- May 27 2021
X-Press Pearl fire to see ‘significant’ cargo, salvage claims
Insurers face claims in the tens of millions of US dollars.
