Industry Segments: Claims Page 30 / 45
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- 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.
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- 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.
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- 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.
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- 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.
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- May 27 2021
X-Press Pearl fire to see ‘significant’ cargo, salvage claims
Insurers face claims in the tens of millions of US dollars.
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- May 27 2021
Australian litigation funder backs Melbourne BI claims
Court House Capital backs hospitality businesses in A$20m claims dispute.
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- May 25 2021
Shenzhen skyscraper wobble puts focus on construction liability
Professional indemnity insurance would likely be the focus of any claim.
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- May 19 2021
Velesto oil rig claims to top US$100m
Experts say the final payout for the sunken Naga 7 will depend on whether wreck removal is required.
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- May 18 2021
Q&A: QBE’s Jason Hammond on digitalising claims and pricing
The insurer has been piloting AI models and robotics to support automation.
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- May 13 2021
Japan earthquakes to cost (re)insurers US$1.29bn: GIAJ
Industry association says the February Fukushima EQ alone led to over 130,000 claims.
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- May 10 2021
NSW, Queensland floods to cost insurers US$827m: Perils
Private property largely covered but infrastructure, crops and livestock mostly uninsured in historic March nat cat.
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- May 7 2021
India’s health players to face solvency pressures amid Covid surge—sources
Even well-capitalised insurers are facing strain as claims surge.
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- May 4 2021
Asia’s satellite market the ‘hardest’ in a decade—source
Global reinsurers generally pick up losses in the region.
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- May 4 2021
Queensland Halloween hail estimate drops to US$900m: Perils
Latest report shows property accounted for 86% of insured losses.
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- April 21 2021
Zurich recruits from Marsh for Australia / NZ claims head
Tim Scott-Young will replace Hillary Bates on May 17, who is moving to the Swiss firm's life arm.
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- April 20 2021
Queensland’s April 2020 hailstorm losses rise to US$653m: Perils
The loss estimate has climbed US$250m since October.
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- April 14 2021
Suez Canal Authority seizes Ever Given, demands US$900m
The ship's liability insurer, the UK P&I Club, has disputed the "extraordinarily large claim".
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- April 13 2021
Australia’s P&C players face climate trap
Reports suggest nat cat risk is worsening each cycle amid calls for more mitigation measures.
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- April 8 2021
Rail losses give recent Japan EQ US$1bn potential
McLarens adjuster tells IAN railway damage is likely to be key factor affecting claims after February's magnitude 7.0 earthquake.
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- April 7 2021
Pertamina Indonesia refinery loss to hinge on BI cover
Initial reports suggest the losses from the Balongan fire could be larger than US$50m.
