Nat Cat events

aerial-and-satellite-images-employed-to-fast-track-noto-peninsula-quake-claims

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.

Earthquake impact manageable for Taiwan's P&C sector despite BI exposure: S&P Global

May 15 2024

Taiwan's insurance industry stands firm in the aftermath of the Hualien earthquake, with state-backed funds and reinsurance mitigating potential losses.

macau-floods-after-first-black-rainstorm-in-3-years-prompting-calls-for-drainage-review

Macau sees floods after first black rainstorm in 3 Years, prompting calls for drainage review

May 6 2024

Torrential rain leads to widespread flooding and calls for infrastructure reassessment.

Taiwan's government allocates US$878m for Hualein earthquake recovery efforts

May 3 2024

NT$28.55bn (US$878m) allocated with a focus on public infrastructure, private homes, and economic revitalisation.

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.

Guangdong flood insurance claims near US$100m

May 1 2024

Floods result in 34,700 claims worth 699m yuan (US$96.5m) so far, with 206m yuan disbursed in response to calls for swift claims handling.

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.

government-launches-au60m-strata-resilience-program-to-mitigate-cyclone-damage-in-north-queensland

QLD government launches AU$60m Strata Resilience Program to mitigate cyclone damage

April 25 2024

State and federal governments to fund AU$60m (US$38.9m) initiative to mitigate cyclone damage to North Queensland apartment buildings.

Taiwan records hundreds of Hualien earthquake aftershocks on Monday and Tuesday

April 24 2024

6.1 magnitude and 6.0 magnitude earthquakes in Hualien County recorded late Monday and early Tuesday.

weak-risk-models-and-poor-data-contributing-to-growing-nat-cat-losses-capgemini

Better risk models and data needed to help curb rising nat cat losses: Capgemini

April 23 2024

Innovative underwriting and better data can help improve property insurer's combined ratio says new report.

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