Industry Segments: Flooding Page 9 / 10
-
- August 29 2022
‘Unprecedented’ Pakistan flooding triggers US$10bn damage
Large P&C carriers such as Adamjee Insurance and United Insurance could see significant claims.
-
- August 25 2022
Australian market braces for ‘triple-dip’ La Niña
Carriers are buckling up for yet another summer of severe nat cat claims.
-
- August 19 2022
Hundreds of homes at risk as ‘one-in-100-year’ flood hits NZ’s South Island
Extreme weather insured losses were US$123m in the first six months of 2022.
-
- August 8 2022
Australian floods dampen reinsurers’ H1 results as secondary perils drive losses
Munich Re, Swiss Re, Hannover Re and PartnerRe were among firms hit by the wild weather.
-
- August 4 2022
New Zealand’s climate plan urges development of home flood insurance
The country’s first climate adaptation document wants to address affordability of cover.
-
- August 3 2022
Urban floods in India, China and Bangladesh spurred H1 cat losses: Swiss Re
Floods in Australia were the costliest cat event in H1 2022 in terms of insured losses.
-
- July 29 2022
Swiss Re returns to profit as Australia floods add to US$270m H1 nat cat miss
The group saw a Q2 net profit of US$405m, while P&C reinsurance H1 nat cat claims were US$938m.
-
- July 29 2022
APAC insured losses were US$8bn in H1 2022: Munich Re
Parts of eastern Australia saw their wettest week in February since 1900.
-
- July 14 2022
Australia’s PM unveils climate plan as NSW flood claims approach US$100m
Anthony Albanese highlights large scale renewable energy plan, as over 12,000 claims lodged from recent flooding.
-
- July 12 2022
NSW claims rise to US$83m in latest flooding disaster
Over 10,500 claims have been lodged with insurers already, said the ICA.
-
- June 29 2022
Australia’s Feb, March floods now third costliest nat cat: ICA
The floods in Queensland and New South Wales have caused over US$3.3bn of insured losses.
-
- June 24 2022
Queensland’s RACQ confirms US$69m payout from Feb, March floods
Almost 5,000 home repairs have been completed or are underway.
-
- June 23 2022
IAG’s NRMA Insurance hit by 30,000 claims from Feb, March floods
54% of Australians worried their property will be damaged by wild weather within 12 months.
-
- June 21 2022
Appraisal of Malaysian floods boosts case for digital claims
With 90% of economic losses uninsured more is required to persuade homeowners to buy cover.
-
- June 17 2022
APRA grants Australian Reinsurance Pool Corporation authorised reinsurer status
The new cyclone reinsurance pool is expected to start in July.
-
- June 9 2022
Perils ups Australia east coast flooding loss to US$3.5bn
The increase is US$720m above its previous estimate for the Q1 nat cat in Queensland and NSW.
-
- June 3 2022
Australian floods: modellers struggle with ‘a single consistent view of risk’
Flood risk has become a major catastrophic burden for the Australian market, highlighting the importance of accurate modelling.
-
- June 2 2022
Aussie flood estimates rise by 28%: ICA
Estimates of insured losses now top US$3 billion, with claims at 216,465.
-
- May 27 2022
Australia’s general insurers saw US$303m loss at start of year
The devastating floods in February and March sparked an increase in claims.
-
- May 23 2022
ICA welcomes new Australian government
Labour Party has pledged to provide A$200 million a year for a Disaster Ready Fund.
