South Korea allocates record US$1.38bn for unprecedented Yeongnam forest fires
May 6 2025 by InsuranceAsia News- 
													Australia prepares for ‘hotter-than-normal summer’: BOM- October 20
 The Bureau of Meteorology also warned of increased risk of bushfires and increasing risk of powerful storms. 
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													Japan, Korea wildfires mark turning point in regional climate risk understanding: Willis- July 29
 Insured losses from nat cats 'will very likely' exceed US$100bn again this year, the broker said in a half-year report. 
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													Myanmar, China earthquakes push Q1 global insured losses to second-highest on record: Aon- April 25
 Losses resulted primarily from the California wildfires, with the total significantly higher than the 21st-century Q1 average of US$17bn. 
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													South Korea to expand insurance coverage for uninsured crops following wildfires: report- April 21
 Government plan to introduce US-style disaster guarantee system for small farmers and forest crops. 
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										        																			Sedgwick | Preparing for the next stormInsurance industry needs to recalibrate, invest in innovation and strengthen systems, talent and data practices. 
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										        																			Peak Re | From climate modelling to market opportunity: Forging a new clarity on Southeast Asia’s climate riskSoutheast Asia's protection gap: a crisis of clarity, not just capital 
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										        																			BHSI WICare+ | Accelerating Payments, Empowering RecoveryLaunched in cooperation with Steadfast’s Singapore network, WICare+ fills the gaps found in traditional coverage and keeps businesses and their workforce secure by covering up to SG$350,000 in medical expenses per claim. 
 
																		