Industry Segments: Claims Page 39 / 47
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- March 11 2020
Strong weather pattern contributed to Australia’s bushfires
Indian Ocean Dipole partly to blame for extent of the disaster which has caused huge losses.
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- March 9 2020
Australia’s summer losses climb to US$3.3bn, says APRA
The number of extreme weather events for the market is likely to increase in future.
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- March 4 2020
Australia’s January hailstorm losses jump 26% to US$528m
There have been 87,500 claims filed of which 60,000 related to motor vehicle damage.
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- March 3 2020
Timaru hailstorm was NZ’s third costliest nat cat in 100 years
The November storm will cost insurers over US$50m in a nat cat heavy Q4.
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- February 26 2020
Australia braces for claims from 2020’s fourth cyclone
The storm comes as several insurers are close to breaching their nat cat limits for the financial year.
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- February 25 2020
Australia launches royal commission into bushfires
The move by the government follows an unprecedented summer.
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- February 20 2020
Australia’s January hailstorm claims jump to US$428m
There have been almost 70,000 claims in ACT, New South Wales and Victoria.
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- February 17 2020
Allied World’s Garrison on rates, nat cats and data
After 5 years in Asia the leader is encouraged by an increasingly sophisticated market.
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- February 17 2020
Australia’s bushfire losses to exceed Ash Wednesday
While the worst of the fires are over, the costs are continuing to rise.
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- February 17 2020
Fairfax’s president bullish despite US$221.1m Japan typhoon hit
Prem Watsa hails a record year after a strong underwriting performance.
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- February 12 2020
World Bank’s influence over Asia’s nat cat cover grows
Reinsurers are allying with the Washington institution to create some sizeable programmes.
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- February 12 2020
IAG’s H1 profits fall 43% as Harmer raises climate fears
The firm is now expecting A$850m of nat cat costs this year, up from A$715m in January.
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- February 7 2020
Scor reduces China exposure and reveals Hagibis hit
The French giant also revised its Typhoon Faxai impact and cut its P&C global 1.1 renewal book.
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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.
