Industry Segments: Claims Page 43 / 46
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- August 16 2019
Typhoon Lekima to cost market US$855m
The storm could be the second most expensive ever in China and result in US$7.4bn of economic damage.
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- August 15 2019
Indonesia’s health scheme still suffering financially
The shortfall between premium income and claims' payouts is expected to climb to US$2bn.
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- August 13 2019
Perils ups Townsville claims estimate by over US$90m
The increase is in property loss claims from the winter Queensland flooding disaster.
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- August 12 2019
30 dead and billions in losses as typhoon slams China
Economic losses from Typhoon Lekima amount to at least US$2bn.
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- August 7 2019
Japan’s majors to raise motor rates
The 3% rise will come as claims inflation is set to rise in the country.
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- August 5 2019
Will storm pilot help Macau’s SMEs?
The Monetary Authority of Macau has teamed up with five insurers and a reinsurer to help protect SMEs from powerful typhoons and storm surges.
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- August 5 2019
60% of Townsville flooding claims closed: ICA
The Insurance Council of Australia hails market progress since the unprecedented flooding disaster.
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- July 31 2019
First half nat cat bill highlights protection gap
Numerous multi-billion dollar regional disasters in the first half of the year had relatively little cover according to Aon.
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- July 26 2019
Piracy increases in the Singapore Strait
Overall piracy incidents are down in the first six months of the year.
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- July 25 2019
H1 nat cat bill drops to lowest in 13 years
The level of insured losses has gone down but economic losses have risen according to Aon.
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- July 23 2019
Millions affected as heavy flooding hits South Asia
The market is on high alert as rain wreaks havoc in Bangladesh, India, Nepal and Pakistan.
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- July 11 2019
Summer flooding in China cost US$6bn
Floods have caused billions of dollars of economic losses in China and India according to Aon's Impact Forecasting.
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- July 5 2019
New Zealand ruling aids insurers over quake damage
IAG has secured a win in the Supreme Court regarding assignment law over onsold damaged properties.
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- July 4 2019
Japan on alert for claims as a million urged to evacuate
Adjusters, brokers, insurers and reinsurers on high alert as a month's rain could fall in one day on Kyushu island.
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- June 26 2019
Australia’s construction market threatened by PI retreat
Surveyors may not be able to meet legal requirements after insurers withdraw cover.
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- June 21 2019
Sydney hailstorm property losses reach US$530m: Perils
The December storm is one of the largest hailstorm losses ever recorded.
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- June 19 2019
Tracking nat cat risk in real-time
A collaboration between an insurer, broker and university in Japan offers insight into building damage.
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- June 14 2019
Sedgwick appoints Asia COO with promotion
Wayne Cheng has been handed an operations role at the global loss adjuster.
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- June 5 2019
Two Charles Taylor employees arrested in Hong Kong
Arrests follow a court hearing in Hong Kong this week amid a dispute with rival McLarens.
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- June 5 2019
Asia-Pacific marine losses declined in 2018
2018 was a quieter year for shipping incidents in the region but the overall trend is up says Allianz Global Corporate & Specialty.
