Subject: Claims Page 26 / 51
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- August 22 2022
‘Significant’ volume of claims expected from NZ flooding: McLarens
'Landslides, road closures, wastewater overflows and water supply challenges reported across South Island'.
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- August 19 2022
Credit Suisse arm files 18 Greensill-related claims totalling US$2.2bn
The asset manager has filed claims for "all insurable losses", according to document reviewed by IAN.
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- August 19 2022
Hundreds of homes at risk as ‘one-in-100-year’ flood hits NZ’s South Island
Extreme weather insured losses were US$123m in the first six months of 2022.
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- August 16 2022
Luzon earthquake triggers major infrastructure damage
Crawford reports damage to power plants, airport construction project and SMEs.
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- August 15 2022
Seoul flooding hits P&C players with ‘material’ losses
Claims from the record downpour expected to top US$115m.
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- August 15 2022
China BOCOM Insurance’s loss ratio recovers in 2021 as A&H claims improve
The Hong Kong insurer COR has remained at around 100% over the past five years.
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- August 12 2022
IAG places ‘largest’ nat cat allowance as underwriting profit falls 5%
Weather claims "more than doubled" in FY 2022 across Australia and New Zealand.
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- August 11 2022
Chubb Singapore appoints head of claims and head of transformation
Kho Yen Wei and Norma Wu have been tasked with improving efficiency.
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- August 11 2022
Powerful and unusual hailstorm dents Japan’s ‘big three’ Q1 results
The insurance giants saw losses of US$610m from freak storm in addition to Ukraine impact.
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- August 10 2022
Seoul flooding leaves Korean P&C players facing thousands of claims: report
Insurers including Samsung Fire & Marine and DB Insurance said the damages amount to several billion won.
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- August 8 2022
Suncorp’s profits fall 34% on nat cats amid US$1.7bn of reinsurance recoveries
The group missed its full year nat cat target by US$70m and had an investment loss of US$131m.
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- August 8 2022
Australian floods dampen reinsurers’ H1 results as secondary perils drive losses
Munich Re, Swiss Re, Hannover Re and PartnerRe were among firms hit by the wild weather.
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- August 4 2022
New Zealand’s climate plan urges development of home flood insurance
The country’s first climate adaptation document wants to address affordability of cover.
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- August 3 2022
Urban floods in India, China and Bangladesh spurred H1 cat losses: Swiss Re
Floods in Australia were the costliest cat event in H1 2022 in terms of insured losses.
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- August 1 2022
Malayan Insurance COR hampered by fire and cat losses: AM Best
The company reported a five-year average combined ratio of 101.4%.
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- July 29 2022
Analysts raise silicosis market concerns as IAG strengthens reserves
As claims related to the lung disease rise, the years ahead could prove tricky for Australia's casualty sector.
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- July 28 2022
Australia floods and Japan earthquake lead H1 2022 APAC insured losses: Aon
The total costs of the two disasters totaled US$6.2bn in insured losses.
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- July 27 2022
Fire and liability losses drive APAC claims burden
Inflation is set to add to a costly claims' environment of rising property values and extreme weather.
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- July 27 2022
McLarens taps Crawford exec as operations manager in Australia
Darren McKinnon will continue to be based in Brisbane.
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- July 22 2022
IAG returns to profit in FY 2022, but records US$245m nat cat miss
The insurer strengthened prior reserves by US$119m in part due to claims inflation.
