Queensland’s RACQ confirms US$69m payout from Feb, March floodsJune 24 2022 by InsuranceAsia News Staff
- August 8
Munich Re, Swiss Re, Hannover Re and PartnerRe were among firms hit by the wild weather.
- August 4
The country’s first climate adaptation document wants to address affordability of cover.
- August 3
Floods in Australia were the costliest cat event in H1 2022 in terms of insured losses.
- July 29
The group saw a Q2 net profit of US$405m, while P&C reinsurance H1 nat cat claims were US$938m.
A longer claims process and increased cost were some of the challenges faced by insurers.
Tropical cyclones have always been a significant peril in Asia and a major focus for risk assessment in the region.