floods
AIIR Worldwide : estimates insured losses in Germany from historic floods at between 4 and 5.8 billion Euros
Catastrophe modeling firm AIR Worldwide estimates insured losses in Germany from the recent floods in central Europe at between EUR 4.0 billion and EUR...
Fitch Ratings : German flood claims may hit EUR 3 billion
The floods in Germany are likely to be even costlier than those in 2002, Fitch Ratings says. If flooding progresses as it has in...
Lloyd’s : Sandy claims up at $2.0-2.5 billion
Lloyd's of London said claims arising from Superstorm Sandy would cost the insurance market $2.0-2.5 billion (1.5-1.9 billion euros).
"Lloyd's, the world's specialist insurance market,...
RMS comments on the Beijing Floods
On Saturday, July 21, a powerful storm system with intense rainfall and widespread thunderstorms brought flash flooding and landslides across the Beijing area of...
RMS : comments on the floods in Japan
Intense rainfall over the 24 hours from 12:00UTC on Wednesday, July 11, has resulted in flash flooding, as rivers burst their banks, and landslides...
RMS comments on U.K. Flooding
Further flooding has affected the U.K. during the weekend of July 6 and July 7 following further outbreaks of exceptionally heavy rainfall. The U.K....
Merlin : Escape of Water Hub used to handle flood claims
Merlin’s Loss Adjusters are completing site visits within 48 hours on 100% of claims relating to the current flood conditions. Merlin is utilising its...
Merlin Adjusters : on site at Belfast floods
Merlin’s Belfast office has been on high alert and Adjusters worked through the night, attending affected properties. The company took a proactive stance, mobilising...
Thailand : PM hospitalised with food poisoning
Thai Prime Minister Yingluck Shinawatra, grappling with a devastating flood crisis, was admitted to hospital on Tuesday with food poisoning, her government said.
"She is...
Weather catastrophes in China soar
Munich Re stated that deadly weather catastrophes in China had soared around four-fold in the last 30 years, costing its economy billions.
Munich Re...
Australia : reasonable protection for non-life insurance companies against the floods
Fitch Ratings has commented today that catastrophe reinsurance offers reasonable protection to Australia's major non-life insurance companies against floods in Queensland and Northern New...
FITCH: Reinsurance protects Australian insurers against floods
Fitch Ratings has commented today that catastrophe reinsurance offers reasonable protection to Australia's major non-life insurance companies against floods in Queensland and Northern New...
Australia floods : early market estimates put losses at about $1 billion for the insurance sector
Suncorp shares slumped 3 per cent, or 26c, to $8.35, knocking $330m from its value, QBE shares lost 38c, or $380m in value, to...
Australian floods : report
One of Queensland's biggest natural disasters is unfolding in the city of Rockhampton, with isolated outbreaks of looting as police force residents to abandon...
Pakistan hit by worst floods since 1929
Aon Benfield, the world’s premier reinsurance intermediary and capital advisor, today releases the latest edition of its Monthly Cat Recap report, which provides an...
Munich RE warns about the rising cost of climate change
Natural disasters linked to climate change could cost the insurance industry billions of dollars in extra settlement payments every year, German insurance giant Munich...
Cumbria floods costs reached £200 million accord to ABI
The cost of damage caused by last November’s devastating flooding in Cumbria has now topped £200 million, according to figures released today by the...
2009 a ‘benign’ year of natural disasters
"We made it through the year with a minimum of natural disasters", German re-insurer Munich Re said on Tuesday, but climate change still threatens...
Munich RE shows that in particular poor countries are severely affected by climate change
Bangladesh, Myanmar and Honduras were the countries most severely affected by extreme weather events from 1990 to 2008, according to a climate change risk...
UK Government to meet insurers over flood-damaged in Cumbria
Damage from the floods in Cumbria and south Scotland could cost insurers more than £100m, to encourage a swift response to claims over flood-damaged...
