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Nat CAT tag returned 366 results

  • India: Committee recommends disaster insurance in Nat CAT regions

    A Parliamentary panel has proposed comprehensive insurance coverage for all properties located in disaster prone areas.

    Asia | 15 Feb 2019
  • New Zealand: Law amended to increase quake coverage

    Lawmakers have passed changes to the Earthquake Commission (EQC) Act which will increase the quake coverage cap on new claims from NZ$100,000 ($68,300) to NZ$150,000 and remove cover for home contents as homeowner's policies are taken out or renewed over the 12 months from 1 July 2019.

    Asia | 14 Feb 2019
  • New Zealand: New construction technologies improve building quake resilience

    New construction technologies like "rocking walls" in New Zealand can help buildings withstand severe earthquakes, new research reveals.

    Asia | 13 Feb 2019
  • Storms and heavy rain cause nearly $1bn in losses in January

    Aon launched its Global Catastrophe Recap for January of 2019 last week, which evaluated the impact of global natural disaster events to identify trends, manage volatility and enhance resilience.

    AIRPlus | 12 Feb 2019
  • Australia: Insurers receive Townsville flood claims of US$117m to date

    Insurance losses from massive floods in Townsville in northeastern Queensland have reached A$165m ($117m) from 13,560 claims as of 10am yesterday, according to a statement by the Insurance Council of Australia (ICA).

    Asia | 11 Feb 2019
  • Environmental risks not a priority for Hong Kong businesses

    Climate and environmental issues were ranked by business leaders in a World Economic Forum poll ahead of its annual summit in Davos as posing the biggest risk to business and the world. The respondents to the WEF survey said that extreme weather, migration caused by climate change and natural disasters are the three risks they're most likely to face in 2019, according to a CNN report.

    Asia Risk | 06 Feb 2019
  • New Zealand: Local govt infrastructure totalling US$10bn faces sea level threat

    As much as NZ$14bn ($9.7bn) of local government infrastructure is at risk from sea level rise, according a new report, which calls on central government to urgently develop policies to help minimise the impact of climate change on New Zealand's communities.

    Asia | 04 Feb 2019
  • Indonesia considers CAT bonds following recent tsunamis

    The Indonesian finance ministry is in continued talks about issuing CAT bonds to support disaster recovery efforts as the government lays out plans to protect the country against the impact of natural disasters better, according to media report.

    AIRPlus | 31 Jan 2019
  • Dry spells hit crops hard in Asia Pacific - Aon

    The lack of rainfall in eastern Australia was the worst in recent memory and was estimated to have caused more than $1bn in economic damage, said Aon in its latest report. Drought made headlines across the globe in 2018 as central and northern Europe, South America, China, India and the US also each recorded multi-billion-dollar agricultural losses.

    AIRPlus | 29 Jan 2019
  • Australia: Hailstorm costs expected to escalate

    The cost to insurers of the hailstorm that hit Sydney last December could eventually reach A$1.5bn ($1.1bn) to A$2.0bn once all claims are reported and paid, which would make it one of the top five most expensive weather events of the past 30 years and possibly the most damaging hail storm since the Sydney hailstorm in 1999, says Firetrail Investment, an investment management boutique.

    Asia | 29 Jan 2019

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