Subject: Catastrophe Page 4 / 60
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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.
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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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- February 2 2025
Reduced exposure to cat losses could boost reinsurers’ operating profits in 2024-25: S&P Global
Better results will also be driven by favorable pricing, terms and conditions in short-tail lines, overall underwriting discipline and increasing reinsurance demand.
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- January 24 2025
30 years after Kobe earthquake, Japan seeks to improve data amid ‘megaquake’ warning
Space agency signs deal to estimate extent of damage to buildings caused by earthquakes using high-definition satellite images.
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- January 23 2025
Australia opens applications for US$125m disaster mitigation grant
Third round of Disaster Ready Fund focuses on large-scale infrastructure that will deliver disaster risk mitigation, resilience and safety benefits and put downward pressure on insurance costs.
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- January 22 2025
APAC records nat cat insured losses at US$8bn in 2024, the lowest since 2012: Gallagher Re
Three events - China seasonal floods, Typhoon Yagi, and Japan’s Noto Peninsula Earthquake - drove 68% of economic losses, or US$88bn, in the region.
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- January 22 2025
Australia twin event losses to remain below major cat level, adjuster says
Carriers received 5,400+ claims from severe weather events on the east coast, while Cyclone Sean caused record rains and port disruptions in Western Australia.
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- January 21 2025
TSMC assessing impact of 6.4-magnitude Taiwan earthquake
World's largest chipmaker says workers were evacuated after the quake, but all affected sites are gradually resuming production.
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- January 21 2025
With US$100bn losses now the norm, rising attachment points create new dynamic for cat programs
Scale of nat cat losses needed to turn the market continues to rise as structural changes in reinsurance programs bed in across Asia Pacific.
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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 19 2025
Update: Eastern Australia battered by deadly storms, tennis ball-sized hail
A tropical cyclone has formed off Australia’s western coast, as eastern states deal with the fallout from damaging storms and continuing rain.
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- January 16 2025
California fire losses for Japan’s big 3, Korea’s DB Insurance likely to top US$600m
Tokio Marine Holdings, MS&AD Insurance Group and Sompo Holdings could see claims of up to US$575m, according to media reports, while DB Insurance has estimated US$41m.
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- January 15 2025
BI ‘most significant risk’ for Asian firms in 2025: Allianz Risk Barometer
Business interruption is the main risk in China and Hong Kong, Malaysia, Singapore, and South Korea, while cyber incidents top risk in India for the eighth consecutive year.
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- January 14 2025
India’s non-life insurance premiums to grow 7.3% in 2025: Swiss Re
Global reinsurer projects India’s insurance market will be the G20’s fastest growing over the next five years.
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- January 14 2025
Tibet earthquake compensation payments, pre-payments near US$5m
China's insurance industry has paid full compensation to the 126 victims of last week's deadly earthquake.
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- January 9 2025
Tibet earthquake payments top US$60,000 from Chinese insurers
- China
- China Continent P&C
- China Pacific Insurance P&C
- China Re
- China Taiping
- PICC Property and Casualty
- Ping An
- Sunshine Insurance
88 reports, with a total of 20 claims, have been made to insurers, including PICC, China Continent, China Taiping and Sunshine.
