Subject: Claims Page 9 / 49
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- May 16 2024
Australian broker Bellrock takes BHSI claims specialist
Sydney-based Joseph Hershewe has been appointed as head of claims by the specialist broker.
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- May 14 2024
Battery risks extend EV insurance’s frontier into product liability
The heightened risks of fire and explosions associated with the use of lithium-ion batteries are forcing (re)insurers to rethink the way they approach their motor insurance business.
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- May 13 2024
QBE forecasts 93.5% group COR for FY2024
The Australian carrier reported a group-wide renewal rate increase of 7.3% in the first quarter this year, while its net cat cost was US$200m for the first four months
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- May 6 2024
Crawford Australia elevates Stephen Stafford to head of forensic accounting
Brisbane-based Stafford takes over Graham Peters, who has now been made head of class actions.
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- May 3 2024
Chubb set to pay US$350m in claims from collapsed Baltimore bridge: reports
The payment is expected to be authorised within weeks, the reports said quoting an executive from WTW, who was the broker on the policy.
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- May 3 2024
Canterbury earthquake lawsuit going to appeals court may weigh on EQC reinsurance renewals
With the class action over underpayment of claims headed to the Court of Appeals, more claimants could join the litigation at a time when the New Zealand Earthquake Commission is looking to secure higher limits at the June 1 renewals.
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- May 2 2024
Australia’s FY 2023 nat cat insured losses at US$850m: ICA
Despite the year-end catastrophes, incurred claims in 2023 dropped 78% to AU$1.76bn, and claims recorded were 57% lower compared to 2022.
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- April 30 2024
China’s insurers see US$96.5m in reported claims from week-long Guangdong rainstorm
As of April 28, a total of 34,700 cases were filed to insurers in the southern province of China and the carriers have paid out a third of it amounting to US$28.4m.
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- April 30 2024
APAC accounts for nearly half of global economic losses in Q1 2024: Aon
The global (re)insurance sector is bracing for an "extremely active" Atlantic hurricane season driven by record-breaking land and ocean temperatures.
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- April 25 2024
Dali general average claims will bring new pressures for the market: TT Club
With parts of the Francis Scott Key Bridge falling onto the vessel, those who are part of GA agreement will shoulder some liability for the costs of their removal, which is likely to add to the significant losses.
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- April 25 2024
New Zealand’s early-2023 weather events cost US$5.3-US$8.6bn, government inquiry finds
Cyclone Gabrielle was a moderate-scale event when compared to what New Zealand could experience, warns the National Emergency Management Agency.
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- April 24 2024
Baltimore sues Dali shipowner, manager over bridge collapse
The suit alleges negligence on the part of the Singaporean owner Grace Ocean and Indian manager Synergy Marine in operating a "clearly unseaworthy" vessel.
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- April 23 2024
Exclusive: Guy Carpenter recruits AIG veteran Eric Shaw as APAC regional claims advisory leader
Singapore-based Shaw oversees claims advisory and reports to Jacob Hughes, managing director, head of client support services for Asia Pacific.
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- April 22 2024
Noto earthquake insurance payout approaches US$500m: GIAJ
The claims have increased 3.5 times since January 31 and rose by 22% since the last tally on March 8.
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- April 22 2024
China’s ‘once-in-a-century’ flood warning puts Guangdong on alert
The past weekend of rainstorm that hit China coastal cities and Guangdong province has led to four deaths and economic loss of US$19.3 million, according to media reports.
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- April 22 2024
TSMC’s earthquake losses estimated at US$92m
The Taiwanese chipamaker said the loss is net of insurance claims and that damage was mostly to inventories and equipment, according to a stock exchange filing.
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- April 18 2024
Karen Leslie returns to Crawford Australia as senior strata adjuster
Joining from loss adjuster and consultant Technical Assessing, Brisbane-based Leslie reports to head of strata Ryan Neville.
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- April 17 2024
Insurers wrestle with rising claims as lithium battery use widens
The industry needed to define its positions on whether the battery fire is an operational risk for users, or a product liability risk, especially in the case of thermal runaway.
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- April 17 2024
Dali ship owner declares general average for Baltimore bridge allision
The shipowner has appointed Richards Hogg Lindley/Charles Taylor (Japan) as general average adjusters.
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- April 16 2024
Taiwan earthquake preliminary non-residential losses exceed US$263m: Guy Carpenter
While not all of these losses are insured, the residential earthquake insurance fund has reported claims of about US$23m from 472 claims, data from the broker showed.
