Industry Segments: Windstorm Page 1 / 4
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- March 25 2025
Cyclone Alfred losses estimated at US$1b: ARPC
Total cyclone pool coverage period for ex-Tropical Cyclone Alfred was close to 10 days at 237.5 hours, according to the Australian Reinsurance Pool Corporation (ARPC).
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- March 20 2025
Cyclone Alfred claims top 74,000, insurer extends pet coverage
Queensland remains the most affected area, with about 69,000 claims following the event earlier this month.
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- March 18 2025
Cyclone Alfred insured losses to reach US$1.6bn, flood modeller predicts
JBA says 'previous concerns about a high number of severe wind damage claims were not realised' following the event earlier this month.
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- March 17 2025
Cyclone Alfred claims top 63,000, but event ‘not as significant as first feared’
Insurance Council of Australia also releases its Industry Action Plan, which outlines the industry’s position on the remaining recommendations from the Parliamentary Flood Inquiry and the independent review of the industry’s Code of Practice.
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- March 12 2025
Cyclone Alfred payouts top US$1.5m as claims surge 50%
Economic and insured loss impacts expected to reach 'at least into the hundreds of millions', according to Aon.
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- March 11 2025
PCRIC makes US$45,000 parametric payout on coral reef cover in Cyclone Rae aftermath
Payment to an NGO in Fiji will be used for reef clean-up and restoration activities and community livelihood support hit by the tropical cyclone.
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- March 9 2025
Cyclone Alfred claims top 3,000, thousands more expected in coming days
ICA declares insurance catastrophe as flash flooding, thunderstorm warnings remain with remnants of the ex-cyclone moving inland.
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- March 5 2025
Cyclone Alfred could be US$1.25bn hit on Australian insurers: S&P Global
Cyclone could be worse than some of Australia's largest nat cats in the past 10 years.
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- March 4 2025
Brisbane on alert as Tropical Cyclone Alfred bears down ‘at a scale not seen in 35 years’
The cyclone is expected to cross the coast later this week with rainfall accumulation totals as high as 600-700mm expected in isolated areas.
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- February 19 2025
Cyclone Zelia losses to be minimal for Australia’s self-insured iron ore miners as key port spared
Mining companies have protective measures, including co-insurance or high deductibles, Crawford's Jonathan Hubbard tells IAN.
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- February 13 2025
Cyclone Zelia set to hit Australian iron ore hub, 500mm rainfall expected
The category 4 storm, which is tracking towards Western Australia's Pilbara coast, has been declared a cyclone event by the ARPC.
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- February 5 2025
Northern Queensland floods set for ‘substantial’ losses after once-in-a-century deluge
Loss adjusters expect property and business interruption claims after parts of the region were battered by heavy rain since last week.
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- February 2 2025
ICA declares significant event for northern Queensland floods
Flooding and storms have mostly affected Australian communities in Townsville, Innisfail, Ingham, Gordonvale and Cardwell.
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- January 20 2025
ARPC declares cyclone event as Cyclone Sean strengthens to category 4
Windstorm, which shut down ports in the country's iron ore exporting hub over the weekend, is expected to move away and drop below cyclone intensity by Thursday.
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- January 2 2025
‘Milestone’ as Australia’s mandated cyclone reinsurance pool hits full participation
Likes of AIG Australia, Allianz Australia Insurance, Auto & General Insurance Company and Chubb Insurance Australia have joined, Australian Reinsurance Pool Corporation says.
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- December 20 2024
Final Australia Christmas storms losses top US$1bn: Perils
Acute storms hit states of Victoria, New South Wales and Queensland in December 2023, with property accounting for 89% of the total industry loss.
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- December 18 2024
Claims from Japan’s Typhoon Shanshan surge to US$331m
General Insurance Association of Japan says 89,639 claims made from the typhoon that hit earlier this year.
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- October 31 2024
Late-season Typhoon Kong-rey causes disruption in Taiwan, set to bring heavy rains to Shanghai
The biggest storm to make landfall on the island could see property and BI losses as well as the risk of an oil spill from a beached cargo ship on the northern coast.
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- October 30 2024
Taiwan braces for heavy rains, strong wind with super typhoon Kong-rey set to make landfall
The typhoon, allegedly the most powerful in almost six decades, could lead to another suspension of the island’s US$2.5trn stock exchange.
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- October 10 2024
Hurricane Milton’s strength and track makes a revision of APAC renewals a near certainty
Insured losses from the “catastrophic” storm is predicted to top US$60bn as it heads for populous Tampa, which will complicate the upcoming renewals.
