Nat Cat

Magnitude 7.5 earthquake hits Japan, triggering tsunami alerts

January 2 2024

Tremors shook western Japan, resulting in tsunami warnings and affecting buildings and infrastructure.

Gold Coast bears brunt as ICA declares 'Insurance Catastrophe' for Christmas storms

December 29 2023

QLD, NSW, and VIC claims surge past 18,000 with Gold Coast accounting for over 10,000.

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'.

insurance-council-of-australia-declares-tropical-cyclone-jasper-a-significant-event

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.

loss-in-chinas-gansu-earthquake-estimated-at-1-7m-nafr

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.

Munich Re: multi-year view needed on Nat Cat profitability

December 19 2023

Firm's CFO told analysts that while a single event could wipe out a year’s profits the sector was stable over the longer term.

Insurance Council of Australia declares Tropical Cyclone Jasper a 'significant event'

December 18 2023

Classification will trigger emergency assessments and support for affected regions from Innisfail to Hope Vale.

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.

ARPC: increased capacity in Northern Australia following introduction of cyclone pool

December 13 2023

New report shows improvement in accessibility, but warns 'misalignment on views of cyclone pool coverage' and building cost inflation remain key issues for affordability.

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.

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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