Subject: Catastrophe Page 3 / 65
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- July 29 2025
Japan, Korea wildfires mark turning point in regional climate risk understanding: Willis
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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- July 29 2025
APAC H1 insured losses hit US$4.4bn, global claims top US$80bn: Munich Re
Earthquake that rocked Myanmar and Thailand, ex-Tropical Cyclone Alfred in Australia, as well January quake events in China and Taiwan. were the major loss drivers in Asia Pacific.
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- July 29 2025
30 dead in Beijing after days of torrential rain, 80,000 residents relocated
Hong Kong on Tuesday had also issued its first black rainstorm warning of the year as heavy downpours hit the city.
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- July 25 2025
Wipha economic losses to run into ‘hundreds of millions’: Aon
Wipha passed through the Philippines, China, and Vietnam from July 18-24.
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- July 22 2025
South Korea flood motor claims rise to US$22m: report
At least 17 people died in floods and landslides caused by the torrential rain, which started last week and intensified over the weekend.
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- July 22 2025
Australia’s cyclone pool lowering rates in high-risk areas, yet insurance availability unchanged: ACCC
Competition regulator's insurance monitoring report says the pool is having an impact on the premiums of policyholders who live in areas with higher cyclone risk.
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- July 21 2025
Vietnamese (re)insurers brace for Typhoon Wipha, Hong Kong facing US$255m bill
Heavy rainfall and strong winds are expected across northern Vietnam, posing risks of flooding and damage, particularly in coastal areas.
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- July 21 2025
Australian cyclone season highlights changing landscape, challenges ahead
Ex-Tropical Cyclone Alfred, which caused US$843m in insured losses, was the most high-profile event of the 2024-25 cyclone season that recorded 12 windstorms.
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- July 18 2025
South Korea hit by torrential rain with 4 dead, 500 properties damaged
Over 400mm of rain fell over three days, with most rain-related fatalities reported in South Chungcheong province.
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- July 18 2025
Tonga renews US$17m multi-peril cover with PCRIC
Renewed policy is expected to provide coverage for tropical cyclones, earthquakes, tsunamis, and droughts, and will have a US$1m premium contribution from the Tongan government.
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- July 18 2025
Seadrif, Gallagher Re pioneer multi-peril parametric sovereign disaster risk policy for Laos
The two-year cover, first to use a government-reported impact-based trigger, expands the original flood-only placement to include typhoon, earthquake, and landslide.
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- July 16 2025
US$1.3bn Myanmar earthquake biggest non-US insured loss event in H1 2025 as global total tops US$84bn: Gallagher Re
‘Psychological threshold’ question, the report says, is when will the insurance industry face its first US$200bn nominal annual loss year?
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- July 16 2025
Global insured losses in H1 expected to reach US$100bn: Aon
Myanmar earthquake was the biggest uninsured loss, as insurers covered less than US$100m from the total economic damage of US$12bn.
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- July 16 2025
Tokyo flooding to bring minimal losses, but highlights growing need to adjust underwriting strategies, flood models
While the event may not significantly impact (re)insurance pricing, loss adjusters told InsuranceAsia News that insurers need to respond to increasing attritional nat cat losses.
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- July 14 2025
HDI Global, Descartes collaborate to offer parametric earthquake cover in Japan
Claims will be triggered based on thresholds measured by Japan Meteorological Agency’s shindo seismic intensity.
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- July 14 2025
‘Tough for communities’: New Zealanders begin clean-up again after latest severe weather
As of 2pm Sunday, AMI, State and NZI had received more than 150 claims from the weather event across home, contents, motor and commercial policies.
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- July 11 2025
Ex-Tropical Cyclone Alfred accounts for 88% of pool claims since inception, ARPC says
Cyclone Alfred left 300,000 homes and businesses without power in Queensland and New South Wales during February and March.
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- July 4 2025
Thailand expects US$1.5bn insured losses from March earthquake: report
Around 150,000 claims totalling US$925m have already been filed, according to a Bangkok Post report, quoting the Thai General Insurance Association.
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- July 2 2025
As ‘bomb cyclone’ hits Australia’s NSW, 2025 losses top US$1.2bn
Coastal low weather system has led to damaging wind and heavy rainfall since Tuesday.
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- June 30 2025
Wild weather hits New Zealand, with ‘millions of dollars’ in damage from Nelson-Tasman rain, floods
IAG has received over 373 claims for home, contents, motor and commercial policies across Nelson, Tasman, Marlborough, Auckland, and other areas.
