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Australia
JBA estimates insurance losses from ex-Tropical Cyclone Alfred at between A$1.5bn and A$2.5bn
March 19 2025
The storm displaced thousands, left 330,000 properties without power, and prompted over 20,300 evacuations in northern New South Wales.
ICA releases insurance industry action plan addressing flood inquiry, code review
March 18 2025
Plan focuses on improving customer outcomes, supporting vulnerable policyholders, updating policies to prevent financial abuse, and enhancing claims handling.
Suncorp pledges A$500K for Cyclone Alfred recovery efforts
March 17 2025
Suncorp is also continuing its support in North and Far North QLD following flooding in February.
BHSI names Megan Howe as Head of Claims for Australasia
March 17 2025
Howe has been with the business since 2015.
Singapore ranks fourth globally for cyber in resilience index
March 17 2025
FM's risk assessment of 130 countries also shows Singapore ranks third for climate risk quality.
Cyclone Alfred claims exceed 50k; ICA opens up EOI to support recovery efforts
March 14 2025
ICA is working with authorities to expedite interstate and trans-Tasman worker qualifications to help in recovery efforts.
Insurance losses hit A$164m for North Queensland floods
March 14 2025
Insurance Council of Australia reports that 7,600 claims have now been lodged.
Insurance claims from ex-Tropical Cyclone Alfred climb to over 44,000
March 13 2025
Government introduces financial aid as insurers coordinate recovery efforts post-Cyclone Alfred.
Carbon insurance specialist Kita expands to Australia
March 13 2025
Lloyd's coverholder launched in Singapore last year as regional demand for carbon credit insurance grows.
Aon projects Cyclone Alfred insurance losses of at least hundreds of millions of Aussie dollars
March 13 2025
Alfred's unusual path and slow movement result in severe flooding and record rainfall.
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