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...The Japanese government is not liable for damages claimed by people affected by the 2011 Fukushima nuclear disaster according to a ruling by Japan's supreme court....
...Many general insurers and standalone health insurers are experiencing an increase in the COVID-19 related health insurance claims filed....
...PERILS, a Zurich-based organisation providing industry-wide catastrophe insurance data, disclosed its second industry loss estimate for the Eastern Australia floods, which occurred from February to March. The second estimate of the insurance market loss is A$4.895bn ($3.382bn). This compares to the initial loss estimate of A$3.991bn which was issued by PERILS in April. The loss estimate includes losses from the property and motor hull lines of business and is based on data collected from most of the Australian insurance market....
...With Sedgwick handling over nine million claims a year for their insurance and corporate clients they are ideally placed to maximise the automation of claims handling....
...FWD Insurance has announced its new initiative into the metaverse by co-creating its first non-fungible tokens (NFT) collection. The NFT collection created and designed by FWD's leadership team consists of nine different customised robot artworks designed by FWD's employees. Each robot demonstrates various leadership attributes....
...A report by InsurTech Go Digit has revealed that there has been a spike in demand for travel policies in India in FY21-22 compared to pre-COVID levels in FY19-20....
...There were 4,000 more deaths than expected in Australia during the first two months of 2022, according to the latest modelling data from the Actuaries Institute. This means excess mortality of 15% above pre-pandemic levels, revising previous estimates upwards by 50%....
...Howden's latest annual cyber report reveals that Russia president Vladimir Putin's invasion of Ukraine and cyber resilience have combined to temper global ransomware activity....
...Many Australian businesses have yet to recover from the economic shocks of the pandemic, highlighting a general need to improve organisations' risk preparedness according to a new study by AI business company Dataminr....
...The cost of the record-breaking flood that hit south-east Queensland and northern New South Wales earlier this year continues to rise and is now Australia's fourth costliest disaster according to the Insurance Council of Australia (ICA)....