Tag: 2022 natural catastrophes

Financial, Geo-Political, Risk Management

Hurricane Fiona Breaks New Records in Atlantic Canada With Insured Damage of C$660M

October 19, 2022

Via: Insurance Journal

Hurricane Fiona is estimated to have caused C$660 million (US$436.8 million) in insured damage, according to the Insurance Bureau of Canada (IBC), which quoted initial estimates from Catastrophe Indices and Quantification Inc. (CatIQ). Hurricane Fiona is the most costly extreme […]

Financial, Risk Management

Insurance Losses From Sydney Floods Approach A$100M: ICA

July 8, 2022

Via: Insurance Journal

Insurers have received 8,415 claims as a result of July’s floods in Sydney, carrying an initial estimated insurance price tag of A$97.9 million (US$66.8 million), according to the Insurance Council of Australia (ICA). The ICA said 84% of the claims […]

Geo-Political, Risk Management

China Launches Disaster Insurance Trials in 6 Cities Affected by Floods in 2021

June 28, 2022

Via: Insurance Journal

China’s third-most populous province Henan will launch pilot programs for catastrophe insurance in six cities that were the hardest hit by historic floods last summer. Aside from its capital Zhengzhou, trials are to be set up in the cities Anyang, […]

Financial, Geo-Political, Risk Management

Insurance Price Tag for Australia’s Record-Breaking Floods Estimated at A$3.35B: ICA

May 6, 2022

Via: Insurance Journal

The storms and floods that hit South-East Queensland and coastal New South Wales in February and March are likely to be Australia’s costliest floods on record, according to the Insurance Council of Australia (ICA). Using updated data, the ICA said […]