Subject: Claims Page 51 / 57
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- December 23 2019
Claims expected as village almost destroyed in NSW
The devastation is yet another set back for residents, firefighters, authorities and insurers.
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- December 20 2019
Cat insured losses fell to US$56bn in 2019: Swiss Re
The preliminary estimate points to a decrease of US$37bn compared with 2018.
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- December 17 2019
Further damage in New South Wales as 20 buildings destroyed
Extreme heat and continuing fires mean Australia's battle this summer is far from over.
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- December 16 2019
China’s insurers see loss ratios rocket from swine fever
Payout ratios increase to 130% compared to 50-60% prior to the epidemic.
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- December 12 2019
AIG sees Hagibis claims at lower end of expectations
Previous estimates by analysts pegged US$600m in catastrophe losses for the US major.
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- December 12 2019
Australia still ablaze as claims mount, air quality worsens
Losses stand at US$112m and rising, while Sydney’s air quality levels are hazardous.
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- December 10 2019
New Zealand’s market hit by volcano, landslide and floods
A large volume of claims are expected over the next few weeks and months.
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- December 9 2019
Will political risk abate in 2020 as focus falls on WTO?
As political risk claims rise, don't bet on complex situations resolving quickly.
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- December 9 2019
Sedgwick promotes Tang after HK CEO departure
IAN understands that Pierreddy Wong will join a rival adjuster.
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- December 6 2019
Lucia Sun joins Generali as Asia head of claims
Sun has switched to the Italian major from Zurich.
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- December 3 2019
IAG won’t seek legal reimbursements from 2011 floods
Court rules Queensland government and dam operators negligent in flood management.
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- November 27 2019
Japan’s typhoons spur sophistication
The market wants to improve, whatever mother nature throws at it.
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- November 27 2019
Axis pegs Hagibis losses at US$90m to US$110m
The specialist player has around 1% of the market costs of the storm.
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- November 26 2019
Tower in US$45m dispute with Earthquake Commission
The New Zealand P&C player has a disagreement over the allocation of property damage.
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- November 25 2019
Australia releases aid as bushfire claims hit US$100m
A community recovery package includes grants for SMEs and farmers.
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- November 21 2019
IAG buys motor repair specialist
The Australian giant's move should help speed up claims.
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- November 18 2019
Australia’s unprecedented bushfires
Insurers on the hook for over US$100m in a disaster worsened by climate change.
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- November 18 2019
7,500 claims lodged as huge hailstorm slams Queensland
A superstorm has left a trail of destruction and the market has seen US$40m of costs so far.
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- November 15 2019
Australia’s bushfires trigger US$54m of claims
An already-severe bushfire season will hit the nation's insurers hard.
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- November 12 2019
IAG to draw hefty bill from latest bushfires
Market claims could be well over US$100m, as Sydney faces "catastrophic" threat.
