Subject: Catastrophe Page 4 / 61
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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 6 2025
Greater Jakarta floods submerge houses, malls and shut factories
Widespread damage to transportation, hospitals, commercial areas, warehouses, offices, and thousands of houses reported, according to McLarens.
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- March 6 2025
Storm in a teacup? Market divided over underwriting solar risk for ‘unprepared world’
Modelled impact for Asia Pacific from a sudden and intense burst of radiation and energetic particles from the Sun is pegged at US$375bn and US$428bn for greater China.
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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 28 2025
‘Avoid building in dumb places’: Kiwis want more investment in extreme weather protection
Insurance Council of New Zealand survey shows 'Kiwis want to see more investment in resilience measures', chief executive Kris Faafoi says.
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- February 27 2025
Australia’s WA, SA, Victoria at heightened risk of autumn bushfires: AFAC
National Council for Fire & Emergency Services (AFAC) says the 'fire season in these areas may go a little longer this year'.
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- February 26 2025
‘A big idea to confront a big problem’: Insurance Council of Australia calls for US$19bn flood defence fund
Fund is the centrepiece of the ICA's Advancing Australia’s Resilience policy document, which provides recommendations for the next federal government.
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- February 25 2025
Australia’s insurers ‘still have more to do’ after 2022 floods despite ‘significant progress’
Insurance Council of Australia report highlights the progress made in response to seven recommendations put to the industry after Australia's most costly extreme weather event.
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- February 25 2025
Drive for data to plug flood modelling holes continues as risks rise for Asia
Region is most at risk from substantial rainfall changes, according to new research, but for many areas, detailed data is still not accessible.
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- February 21 2025
New Zealand’s Otago flood insured losses hit US$19.4m, top 2015 floods
Insurance Council of New Zealand data shows 1,920 private insurance claims were made following the deluge which hit at the start of October.
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- February 20 2025
Australia set for increased summer rainfall, bushfire risks: Gallagher Re
Likelihood of above-average cloudiness and high ocean temperatures means Australia is expected to have notably above-average minimum temperatures through Q1 2025.
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- February 14 2025
Insured losses from 2 of New Zealand’s most destructive nat cats top US$2.1bn: ICNZ
Auckland Anniversary Weekend floods and Cyclone Gabrielle in 2023 resulted in over 118,000 insurance claims.
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- February 12 2025
Opinion: With fires, floods ripping through limits, will carriers get with the program?
Insurers handed wake-up call after LA fires and Queensland floods usher in 2025.
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- February 11 2025
Queensland flood claims top 5,600, but more rain expected as clean-up begins
Suncorp said it has received more than 1,400 claims across its brands as of Tuesday morning.
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- February 7 2025
LA wildfires unlikely to impact APAC (re)insurers due to ‘limited’ exposure: Fitch
Rating agency expects insured losses from the wildfires to significantly exceed previous records, with industry estimates ranging from US$35-50bn.
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- February 6 2025
California fires losses to exceed Hannover Re’s Q1 large-loss budget
The reinsurer estimates a US$500-700m hit from the event and an industry loss of US$30-40bn.
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- February 6 2025
Queensland flood claims near 4,000, but too early to estimate total damage
Insurance Council of Australia says many communities remain isolated after the region was battered by heavy rain since last week.
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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.
