Industry Segments: Claims Page 42 / 48
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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.
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- December 23 2019
Claims expected as village almost destroyed in NSW
The devastation is yet another set back for residents, firefighters, authorities and insurers.
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- December 20 2019
Cat insured losses fell to US$56bn in 2019: Swiss Re
The preliminary estimate points to a decrease of US$37bn compared with 2018.
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- December 17 2019
Further damage in New South Wales as 20 buildings destroyed
Extreme heat and continuing fires mean Australia's battle this summer is far from over.
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- December 16 2019
China’s insurers see loss ratios rocket from swine fever
Payout ratios increase to 130% compared to 50-60% prior to the epidemic.
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- December 12 2019
AIG sees Hagibis claims at lower end of expectations
Previous estimates by analysts pegged US$600m in catastrophe losses for the US major.
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- December 12 2019
Australia still ablaze as claims mount, air quality worsens
Losses stand at US$112m and rising, while Sydney’s air quality levels are hazardous.
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- December 10 2019
New Zealand’s market hit by volcano, landslide and floods
A large volume of claims are expected over the next few weeks and months.
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- December 9 2019
Will political risk abate in 2020 as focus falls on WTO?
As political risk claims rise, don't bet on complex situations resolving quickly.
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- December 9 2019
Sedgwick promotes Tang after HK CEO departure
IAN understands that Pierreddy Wong will join a rival adjuster.
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- December 6 2019
Lucia Sun joins Generali as Asia head of claims
Sun has switched to the Italian major from Zurich.
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- December 3 2019
IAG won’t seek legal reimbursements from 2011 floods
Court rules Queensland government and dam operators negligent in flood management.
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- November 27 2019
Japan’s typhoons spur sophistication
The market wants to improve, whatever mother nature throws at it.
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- November 27 2019
Axis pegs Hagibis losses at US$90m to US$110m
The specialist player has around 1% of the market costs of the storm.
