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Nat CAT tag returned 630 results

  • Activists commend insurers for 'going cold on coal'

    Four global (re)insurers were featured among the top brands most praised by NGOs due to their pledges on carbon divestments. They were the only firms from the financial sector to be featured in the top ten, in a list compiled by global research and strategy consultancy SIGWATCH.

    Asia | 20 Jan 2020
  • Philippines: Ash fall from volcano triggers over $60m agriculture losses

    Ashfall from the Taal volcano that is threatening to erupt has caused PHP3.06bn ($60.07m) of agriculture-related damage and losses according to the latest bulletin released by the Department of Agriculture (DA).

    Asia | 20 Jan 2020
  • UAE: Wettest January in history causes insurers millions in losses

    Insurance industry players have estimated that losses suffered by insurance companies arising from traffic accidents during the recent rains range between AED50m ($13.6m) and AED60m to date.

    Middle East | 20 Jan 2020
  • Jakarta floods have resulted in $79m in insured losses so far - AAUI

    The rains that fell on Jakarta on New Year's Eve and New Year's Day have cost insurers $79m in property and motor losses, according to the General Insurance Association of Indonesia (AAUI).

    AIRPlus | 20 Jan 2020
  • Japan: Most businesses fail to flood-proof their facilities

    Not enough Japanese companies are doing enough to fortify facilities against floods, even though they have contingency plans for such events, a Reuters poll has found. Most companies rely instead on insurance and securing alternative supply sources.

    Asia | 20 Jan 2020
  • Australia: Bushfire impact on reinsurance may be limited

    The ongoing Australia bushfires are significant in terms of duration and geographic breadth of burnt area, says global broking and risk management firm, Aon. The fires had burnt across more than 10.7m ha of land or around 8% of Australia's total vegetation by 8 January.

    Asia | 20 Jan 2020
  • New Zealand: Defence Minister orders national fire risk assessment

    Defence Minister Ron Mark has asked the Defence Force for a national fire risk assessment to prevent a disaster like Australia's bushfires.

    Asia | 17 Jan 2020
  • Environmental risks dominates top 5 concerns in WEF survey

    For the first time in the World Economic Forum's Global Risks Report survey's 10-year history, environmental risks took the top five spots. Over 750 global experts and decision-makers were asked to rank their biggest concerns in terms of likelihood and impact and 78% said they expect "economic confrontations" and "domestic political polarization" to rise in 2020.

    AIRPlus | 16 Jan 2020
  • Australia: Insurers halt sales to fire-affected areas

    Two of Australia's largest insurers have suspended sales of insurance policies to fire-affected areas in New South Wales and Victoria.

    Asia | 16 Jan 2020
  • US risk modeler predicts $110bn in NatCAT losses for 2020

    Recent (re)insurance renewals were difficult for some: apparently some entities alleged no indication for improvement this year. However, US-based risk modelling and forecasting company AbsoluteClimo expects improvement with below normal risk direction for 2020, with global total losses most likely to meet or exceed $110bn USD and a probability range from $80bn to $164bn - notably better than 2017, 2018 and 2019.

    Asia Risk | 15 Jan 2020

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