Earthquake-related claims for Taiwan's commercial insurers related to this month's seismic event are unlikely to exceed those stemming from the 2016 Meinkong earthquake, according to AM Best.
The standardisation of natural hazard definitions will be unlikely to achieve premium reductions in isolation, says the Insurance Council of Australia (ICA).
Fire and Emergency New Zealand (FENZ) has started a public consultation on the proposed Fire and Emergency levy for the period 1 July 2026 - 30 June 2029.
A new study Global prediction of extreme floods in ungauged watersheds published in a recent issue of scientific journal Nature says AI and machine learning technologies have significantly improved global flood forecasting, particularly in regions where flood-related data is scare.
Flooding could affect one out of every 50 residents in 24 coastal cities in the US by 2050 according to a new study.
Insurable losses from the 3 April magnitude-7 earthquake that struck Hualien in eastern Taiwan will be between $0.5bn and $1bn, according to CoreLogic, a US-based provider of financial, property, and consumer information, analytics and business intelligence.
The Australian Prudential Regulation Authority (APRA) says that it will shortly commence a voluntary survey of its regulated entities, including insurers and superannuation funds, asking them to self-assess the maturity of their current practices against its guidance on managing the financial risks of climate change.
Zhongyuan Agricultural Insurance Co's (ZYIC) underwriting margin will stay profitable in the near term given its underwriting approach, according to Fitch Ratings.
Mitsui Sumitomo Insurance Company and Aioi Nissay Dowa Insurance Co, as members of the MS&AD Insurance Group, have jointly issued the "Tomoni Re 2024" catastrophe bonds (CAT bonds) in Singapore covering domestic natural disaster risks in Japan.
There are still about 5.5m residential units in Taiwan that lack earthquake insurance even though the Taiwan Residential Earthquake Insurance Fund (TREIF) has been operating since 2002, according to data from the Insurance Bureau.