Industry Segments: Claims Page 29 / 45
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- July 21 2021
China’s Henan province sees ‘thousand-year’ floods
Ping An P&C has already received 13,000 claims and that number is expected to rise sharply.
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- July 20 2021
Typhoons threaten agriculture in three China provinces
Ministry of Agriculture urges insurers to settle any claims promptly amid uncertainty over landfall.
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- July 19 2021
APRA asks general insurers to self-assess amid BI concerns
The regulator wants insurers to review the soundness of their risk management frameworks.
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- July 14 2021
X-Press Pearl’s owners pay initial US$3.6m claim
Sri Lanka's government is looking for US$40m to compensate for environmental damage.
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- July 13 2021
Sichuan floods to cause ‘surge’ in commercial property, motor claims
Crawford's Hong Kong manager tells IAN ongoing floods could lead to complete motor vehicle losses.
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- 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.
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- 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.
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- July 9 2021
Hong Kong’s trade credit insurer sees claims fall US$64m
The government body posted an underwriting profit of US$3m.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- 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.
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- June 11 2021
Cambodia resilient as general insurance grows 10.5% in 2020: report
The highest increases were seen in property and medical insurance.
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- June 7 2021
Ever Given compensation being reassessed by Egypt authority
The Suez Canal Authority has revised its initial US$900m demand.
