SCA accelerates reforms and sets earlier start date for insurance disclosure guide following allegations of excessive brokerage fees by a strata management firm.
Claims to be well in excess of GXL US$100m attachment point, leaving reinsurers bearing bulk of insured cost, but risk understood to be spread across 80 reinsurers.
Container ship collided with bridge, causing it to collapse and sending people and vehicles into the Patapsco River, with initial estimates suggesting damage could run into the billions.
New tool from Aon aims to transform climate data into actionable insights for insurers and businesses, with Singapore Climate Hub instrumental in developing tool.
HKO predicts 'normal to above normal' frequency and warns of high temperatures, following year where Super Typhoon Saola and severe flooding resulted in HK$2.26bn (US$287.1m) in insurance claims.
