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Claims and losses
AXA XL appoints Julie Morgan as Head of Claims, Australia
May 29 2024
Morgan succeeds Julijana Sumner, who was promoted to Chief Claims Officer for APAC & Europe in late 2023.
India faces growing backlog of 1m motor insurance claims valued at nearly US$10bn
May 28 2024
RTI query uncovers over 1 million pending motor accident claims worth 805bn rupees (US$9.68bn).
Insurance losses for Noto Peninsula Earthquake jump over US$500m mark
May 24 2024
Total number of claims rises to over 140k, with 95% of investigations completed and 67% of payments made as of 26 April.
GIAJ reports over US$600m in insurance losses from 2023 windstorm events
May 21 2024
General Insurance Association reports 58,695 claims amounting to ¥95.43bn (US$610.75m) paid for separate June and July 2023 windstorm events.
NSW's severe April storms cause AU$176m in insured damages
May 17 2024
95% of AU$176m (US$117m) in damages related to property, with insurers having paid out AU$10m so far, the ICA reports.
Chubb prepares US$350m claim payout for Baltimore Bridge collapse - reports
May 3 2024
First major payout from Scott Key Bridge looms after incident sparks complex web of claims and lawsuits.
NFRA calls for swift insurance response to Guangdong highway collapse
May 3 2024
Another disaster hit rain-stricken Guangdong on Wednesday, with insurers fast-tracking 10.62m yuan (US$1.47m) in claim payments so far.
April Guangdong floods could see economic losses in the hundreds of millions of USD - Aon
April 29 2024
Damage assessment continues, but financial toll on property, motor, and agriculture expected to be significant.
90% of Noto Earthquake claims investigated as of 31 March
April 22 2024
Latest figures from GIAJ show that approx. 115,000 of 128,000 claims investigated, with 81,000 claims now paid.
TSMC estimates US$92.44m loss from Hualien earthquake
April 20 2024
Lack of structural damage at world's largest semiconductor manufacturer helps minimise BI losses.
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