Storm
South Korea, Turkey, Indonesia and Mexico next economic "juggernauts," claims Willis
Preparing for a new wave of emerging markets is one of the key risks businesses face over the next 12 months according to broker Willis.
Perils puts windstorm Andrea loss at €336m
Independent Zurich-based organisation Perils today disclosed its final loss estimate from Windstorm Andrea as €336m.
Lloyd's reveals Superstorm Sandy claims could hit $2.5bn
Lloyd's has announced today that its estimated net claims before tax from Superstorm Sandy are between $2bn and $2.5bn.
Catlin estimates Sandy storm losses at $200m
Catlin Group has said that its Sandy-related losses will be about $200m, net of reinsurance and reinstatements.
Hundreds killed in strongest typhoon to hit Philippines since 1990
At least 270 people are confirmed dead after Typhoon Bopha brought 130mph winds and torrential rain to the Philippines on Tuesday evening.
Swiss Re expecting $900m hit from Superstorm Sandy
Swiss Re is expecting its claims burden from Hurricane Sandy to be around $900m, net of retrocession and before tax.
Floods hit southeast as storms move north
Around 816 homes were flooded and two people died over the weekend after the country was hit with a deluge of rain.
Superstorm Sandy: direct wind not to blame for buildings damage
Damage from storm surge and flooding caused by superstorm Sandy is widespread and extensive, but there is only minor damage to buildings from direct wind, according to a report released today by Willis Re.
New Yorkers to fall victim to second storm in less than two weeks
New York residents could be told to evacuate the city for a second time this month as winter storm Athena makes its way to the same areas battered by Sandy last week.
Top five Asian news stories
The top five Asian news stories from wwww.insuranceinsight.com over the past seven days.
Top five European news stories
The top five news stories from www.insuranceinsight.com over the past seven days.
Cyclone Nilam makes landfall near Chennai
Tropical cyclone Nilam, the second named cyclone of the 2012 North Indian Ocean cyclone season, made landfall in the Indian state of Tamil Nadu at about 4.30pm local time on Wednesday with maximum wind speeds of 80km-90km per hour, according to…
US firms hit by Sandy could face claims battle
Business losses triggered by superstorm Sandy are expected to be exacerbated by the fact that few firms have policies to cover loss of income when their operations are disrupted by a supplier’s poor fortune.
Firms unprepared for Sandy BI losses, Willis' Texeira warns
Hurricane Sandy could cost insurers between $5bn and $10bn, according to a report in The Wall Street Journal, while Bloomberg reports that the hurricane's toll is poised to cause $20bn worth of "economic damage".
Sandy could cost insurers $15bn
Insured losses from storm Sandy to properties in the US are expected to be between $7bn and $15bn, according to catastrophe modeling firm AIR Worldwide.
Storms and strikes among biggest concerns for insurers
Catastrophic acts of violence, mining strike contagion, unexpected 'perfect storms' and a nation paralysed by cyber terrorism are among the biggest risks facing the insurance industry, according to Willis Group.
Insurer stocks dipped ahead of Hurricane Sandy landfall
Stocks for European insurers, including Allianz SE and Zurich Insurance Group, fell on Monday as the US prepared for Hurricane Sandy, which is expected to cause $5bn-$10bn in insured losses, according to modelling firm Eqecat.
Homeowners expose themselves to unpaid claims, report finds
Almost 60% of homeowners still expect their insurer to pay out for any weather-related damage to their home, no matter what its state of repair, Axa's winter claims research has revealed.
September floods to cost Asia nearly $8bn
Asia is facing economic losses of nearly $8bn after heavy flooding throughout September, according to a catastrophe report by Aon Benfield.
Top five Asian news stories
The top five Asian news stories from www.insuranceinsight.com over the past seven day.
Air Worldwide expands in Asia-Pacific with Singapore office
Air Worldwide is opening an office in Singapore to meet the expanding needs of clients in the Asian insurance market.
South Korea hit by second typhoon in a month
Typhoon Sanba made landfall on 17 September just before noon local time in South Gyeongsang Province on the southern coast of South Korea, according to catastrophe modeling firm Air Worldwide.
