Natural Disaster Claims

Reinsurers face billions in California fire claims

Reinsurers face billions in California fire claims

Gallagher Re revised its insured losses estimation to $20b-$30b.
5 hours ago

South Korean insurers face $62m from LA wildfire losses

DB Insurance holds 37 active policies in the affected regions.
1 day ago

New Zealand records nearly 10,000 claims for damage from landslides

Losses from landslides have totalled $170m since January 2023.

Noto Earthquake claims reach $578.2m in May

Of the total claims collected, 68.7% were paid.

Natural disasters steer Asia Pacific towards parametric insurance

Swiss Re gives importance to parametric insurance amidst challenges like basis risk and modelling complexities.

ICA calls for national approach for disaster response

Australia’s insurance group wants a COVID-safe way to move personnel across the border.