Claims and losses

Australia battered by severe Christmas Storms

December 27 2023

QLD, NSW and VIC hit by flash floods, hailstorms, and strong winds as ICA declares 'Significant Event'.

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Cyclone Jasper: Over 3,800 claims lodged as ICA upgrades event to 'Insurance catastrophe'

December 21 2023

The ICA has classified ex-tropical Cyclone Jasper as an Insurance Catastrophe to fast-track support for thousands in Far North Queensland, with assessors and claims specialists already deployed.

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China’s Gansu earthquake losses estimated at $1.7m so far: NFRA

December 20 2023

131 dead, 155 thousand homes damaged or destroyed in China's deadliest earthquake in nine years.

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S&P: Insurers well placed to meet Cyclone Jasper and Queensland floods claims

December 20 2023

Claims low due to regional demographics, but coverage by reinsurance pool likely to be limited due to time limitations.

Adeline Lee promoted to Head of Claims at Berkley Insurance Asia

December 19 2023

Lee has been with the business since its inception in July 2016 and is promoted from her role as Head of Claims for South Asia.

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Thailand regulator orders SMK to stop taking new policyholders

December 18 2023

The non-life insurer had applied for bankruptcy protection in May 2022 following significant COVID-19 losses.

High Court sanctions major class action against New Zealand's Earthquake Commission

December 15 2023

Class action challenges EQC's 2011 quake settlements, with potential to become one of New Zealand’s most expensive.

ICNZ: 87% of Cyclone Gabrielle and Auckland Anniversary flood claims settled

December 12 2023

To date 99,798 of 115,353 and NZ$2.7bn (US$1.65bn) of NZ$3.6bn have been settled.

Sompo International appoints Pablo Diago as APAC Head of Claims for Commercial Insurance

December 11 2023

Diago has ten years industry experience and joins Sompo from Crawford and Company .

Swiss Re: Global insurance losses top US$100bn for fourth year in a row

December 8 2023

US$60m in thunderstorms losses is new high, devastating Turkey and Syria earthquake is costliest event, while NZ and Hawaii see record losses.

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