Natural catastrophes (Nat Cats)
Quiz of the week – 20 January
Test your knowledge of the week's insurance news, with the Post insurance quiz of the week.
Global catastrophe losses rise to highest levels in four years
With insured losses totalling $54bn (£44bn), global natural disasters in 2016 combined to cause the highest economic losses in four years, according to a new report from Aon Benfield.
JBA releases flood model for Vietnam
UK catastrophe modeling firm JBA Risk Management has this month released a multi-peril flood model for Vietnam.
XL expects $75m loss from 2016 New Zealand earthquake
XL's preliminary net natural catastrophe loss estimate for the fourth quarter of 2016 is approximately $245m (£200m).
25 dead in heavy Thailand flooding
At least 25 people have died and 700,000 people have been affected by widespread floods in southern Thailand.
Insurers paid out $50bn for natural disasters in 2016
Insurers paid out $50bn (£41bn) in natural disaster claims during 2016, making it the costliest year for natural catastrophe losses since 2012.
November hailstorm to cost Australian insurers A$130m
28,146 claims have been received following a severe hailstorm on 11 November which caused damage in three Australian states.
Blog: Insurers must prepare for disasters
Planning the response to large-scale catastrophes is a must for all general insurers.
Perils revises August Italy earthquake property losses
Insurance catastrophe market data firm Perils has increased its estimate of property insurance losses for the 24 August Central Italy earthquake.
R&Q wins court case over 9/11 terrorist attacks claim
A payout from claimants in the 9/11 terrorist attack has been partly recouped by Randall and Quilter against the company's reinsurer.
Mildura hailstorm costs insurers A$71m
The Insurance Council of Australia has declared a catastrophe in Mildura after a severe hailstorm on 11 November.
Two dead in New Zealand as powerful earthquakes shake South Island
A series of aftershocks have hit New Zealand after a magnitude 7.8 earthquake struck near Kaikoura - 93 miles from Christchurch - just after midnight.
Allianz sees drop in operating profit due to high catastrophe claims
Allianz has experienced a drop in operating profit in its property and casualty business due to a high number of catastrophe claims.
Hong Kong hit by flash flooding as city prepares for Typhoon Haima
Hong Kong was hit by flash flooding on Wednesday as the outer band of Typhoon Sarika brought heavy rain and strong winds to the Special Administrative Region.
Meranti insured losses could reach $1.15bn, says AIR Worldwide
Insured losses from September typhoon Meranti could reach $1.15bn (£850m) according to catastrophe modeling firm AIR Worldwide.
Insured losses of Louisiana floods to cost at least $8.5bn, says AIR Worldwide
According to catastrophe modeling experts AIR Worldwide the recent devastating flooding in Louisiana will cost the industry between $8.5bn (£6.1bn) and $11bn.
Italian government appoints czar to oversee earthquake reconstruction
The Italian government has appointed a reconstruction czar to oversee rebuilding following last week’s magnitude-6.2 earthquake which struck Italy's Umbria region.
Hurricane Hermine to make landfall in Florida today
Hurricane Hermine is expected to make landfall on Florida’s coast today.
Italian earthquake 'will not lead to significant insurance losses'
Though clearly a massive humanitarian impact event, Wednesday’s earthquake in central Italy will not lead to significant losses for insurers, risk modelling firm RMS said.
FM Global breaks ground on £45m loss prevention facility in Singapore
International commercial insurer FM Global has broken ground on a S$80m (£45m) education facility in Singapore.
Catastrophes force $31bn global payouts in H1
Insurers paid out $31bn (£23.5bn) in the first half of the year as a result of catastrophes, an increase of 51% over last year.
H1 catastrophe losses to exceed 2015, says Marsh
Global insured catastrophe losses have increased in the first half of 2016 to $27bn (£21bn) compared to $19bn (£15bn) in the first half of 2015, according to Marsh.
RMS director warns stop the "guessing game" over global port exposure
A report from the global risk management firm RMS on the global ports most exposed to natural catastrophes has some surprising findings.
Weather events reduce Allianz's Q2 P&C global profits by 37%
German giant Allianz's second quarter 2016 global property and casualty operating profits declined 37% to €1.1bn (£933m) compared with €1.75bn in Q2 2015.