Subject: Catastrophe Page 42 / 61
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- November 24 2020
Tower agrees US$29.5m settlement with EQC
The compromise ends almost a decade of uncertainty for shareholders.
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- November 23 2020
New Zealand’s Ohau fire claims surpass US$24m
It was one of the largest wildfires in the country's history.
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- November 23 2020
Typhoon Vamco causes significant damage to the Philippines
There are numerous infrastructure claims associated with the storm.
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- November 18 2020
Vietnam sees tepid P&C growth as 13th typhoon hits
It has been a tough time for the sector despite a rapid response to Covid-19.
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- November 18 2020
Rates rise as Australia enters perilous summer nat cat season
La Nina, reduced capacity, expensive disasters and mitigation efforts are causing execs headaches.
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- November 17 2020
Bushfire season reignites as Bureau of Meteorology issues warning
A fire in Victoria, extreme heat and a damning scientific climate report see market on high alert.
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- November 17 2020
2019 Timaru hailstorm losses soar to US$117m: ICNZ
As the first year anniversary approaches, the claims bill is a significant increase over previous figures.
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- November 9 2020
Philippines and Vietnam suffer US$700m storm damage costs
McLarens and Total Claims Specialist have shared on the ground claims intelligence with IAN.
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- November 6 2020
Asian reinsurers’ reliance on retro likely to hit profits
As capacity shrinks, embracing alternative sources of capital is growing in importance.
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- November 4 2020
Queensland hailstorm claims soar as La Nina outlook worsens
It could be a long autumn and summer for insurers as losses reach US$140m.
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- November 2 2020
ICA: Queensland’s Halloween hailstorm is catastrophe
The weekend storm came the day after the Royal Commission sent in its final report on nat cats.
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- October 30 2020
“Warmer-than-average” NZ summer to heighten cyclone activity
The market is hoping there won't be a repeat of the losses incurred in the 2017/18 storm season.
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- October 28 2020
Worst typhoon “in decades” approaches flood-hit Vietnam
The 17th typhoon to hit the country this year has already caused damage in the Philippines.
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- October 27 2020
Creeping hailstorm losses are Australia’s latest market challenge
As claims from one event reach US$430m - data, analytics and reinsurance are climbing the agenda.
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- October 26 2020
Vietnam’s market braces for claims after “devastating” floods
Thousands of hectares of crops have been submerged.
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- October 23 2020
APAC’s insurers examining nat cat exposure as costs rise: S&P
Covering wildfires, typhoons and flooding is becoming riskier and more expensive.
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- October 15 2020
Australia’s market calls for more nat cat mitigation funding
The market is worried about extreme weather making coverage inaccessible and unaffordable.
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- October 13 2020
Expect “above average” and early Australia cyclone season: BOM
A La Nina weather system means the market needs to prepare for a wet six months.
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- October 12 2020
Tropical Cyclone Nangka approaches Hainan Island and HK
Typhoon warnings have been raised in Hong Kong and Macau.
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- October 8 2020
Typhoon Chan-hom approaches Japan
The weather system is expected to become a category 2 storm.
