Industry Segments: Claims Page 34 / 41
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- February 5 2020
Cyclone threatens Australia as summer claims hit US$1.46bn
Cyclone Damien would be the third tropical storm of a wild weather season for the market.
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- February 5 2020
Philippines to develop nat cat risk pooling facility
The facility could make catastrophe protection for privately-owned assets compulsory.
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- February 4 2020
Coronavirus impact limited for insurers so far: Moody’s
China declares all treatment expenses will be covered by public health funds.
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- January 31 2020
“Unprecedented” start to storm season: Suncorp’s Johnston
Major is well protected by reinsurance but it has been a tough summer.
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- January 28 2020
Australia’s recent nat cat claims surpass US$1.46bn
Losses since November are significant which means reinsurance rates could climb.
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- January 24 2020
Nehemiah Neo resigns from Sedgwick
Market veteran to exit the global adjuster at the end of this month.
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- January 24 2020
Australia slammed by 55,000 claims from hailstorms
The mounting toll comes as bushfires flare up again.
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- January 23 2020
Nat cat insured losses hit US$845bn last decade: Aon
Global costs of economic damage more than doubled with Asia Pacific accounting for 44%.
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- January 22 2020
Claims’ bill from Australia’s hailstorms is US$278m: update
Destructive storms are giving claims professionals no rest bite from the bushfires.
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- January 22 2020
Munich Re picks former AGCS exec as head of claims Australasia
Derek Martin has taken on the role at a busy time.
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- January 21 2020
Australia bushfire claims at US$970m as hailstorm hits
More extreme weather to strain Australia's insurers.
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- January 15 2020
Market hedged against Australia’s long, hot summer
The risk transfer policies of leading insurers means the sector will bounce back.
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- January 15 2020
Australia’s bushfire bill edges towards US$1bn
Furthermore a sharp increase in claims is expected this week.
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- January 10 2020
Suncorp hit by US$237m of bushfire claims
The Brisbane insurer has had 2,600 claims so far and exceeded its first half nat cat allowance.
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- January 9 2020
Munich Re pegs Typhoon Hagibis claims at US$10bn
The storm was a major contributor of global insured nat cat losses of US$52bn in 2019.
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- January 8 2020
Australia’s majors meet treasury as bushfire claims hit US$484m
The government has offered US$1.38bn towards recovery efforts from the bushfires.
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- January 6 2020
IAG ups cat reinsurance cover by US$700m
Protection increases after breaching perils allowance in first half of the financial year.
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- January 2 2020
Bushfire claims reach US$167m in Australia
The latest tally is likely to rise much further.
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- December 31 2019
Bushfires reach Melbourne as claims climb
Australia's catastrophic summer is set to cause more heavy losses.
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- December 23 2019
2018 Sydney hailstorm property losses at US$550m
The figures from Perils show claims have risen 4% and show a better understanding of hail risk.
