Claims and losses

“Unprecedented” Saltoro cherry loss may shake up cargo coverage limits

February 20 2025

Singapore-flagged Maersk Saltoro has docked in Nansha port, with initial inspections revealing extensive damage to 24,000 metric tons of Chilean cherries.

Insurers still receiving new claims three years after historic Lismore floods

February 17 2025

More than 99% of 242,000 claims now settled, but ICA says a small number of new claims still emerge each month.

cherry-ripe-saltoro-breakdown-highlights-issues-with-insuring-high-value-highly-perishable-cargo

Cherry problem: Saltoro breakdown highlights complexities insuring high-value, highly perishable cargo

February 14 2025

Record-breaking claims may be on the horizon, as US$60m worth of Chilean cherries face spoilage en route to China.

ica-reports-over-1400-claims-for-north-queensland-floods

North Queensland flood-related claims exceed 5,690

February 11 2025

The ICA and its members have expanded in-person claims support across flood-hit North Queensland.

North Queensland flood claims near 4,000

February 6 2025

Insurers continue support through on-the-ground assistance as isolated communities begin clean-up.

ICA reports over 1,400 claims for North Queensland floods

February 5 2025

Townsville narrowly escapes major floods, but region still on alert for potential of more severe weather.

Australian general insurer fined AU$100k for claims code breaches

January 29 2025

However Code Governance Committee opts not to name insurer, citing insurer's cooperation, transparency, and accountability as reasons.

la-wildfires-drive-insured-loss-estimates-as-high-as-us45bn

LA Wildfires: insured losses projected up to US$45bn

January 21 2025

Industry losses estimated between US$10bn and US$45bn, with some Asia (re)insurers facing exposure.

Severe storms across Australia’s eastern states trigger surge in insurance claims

January 17 2025

Insurers mobilise after strong winds, hail hit New South Wales and Queensland.

Korean insurers could see losses of over US$70m from LA wildfires: Report

January 17 2025

DB Insurance and Korean Re among those exposed to losses from wildfires.

MSIG Singapore appoints Inova Care for health insurance claims management

January 15 2025

MSIG Singapore appoints Inova Care as health claims service provider in bid to help manage rising medical costs.

Zurich APAC CUO Debra Burford elevated to global claims leadership role

January 10 2025

Burford announced as Global Head of Financial Lines, Cyber, and Credit Lines Claims for Zurich Commercial.

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