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Nat CAT tag returned 337 results

  • Kuwait: Lawmaker suggests making insurers pay for damage from flying gravel

    A legislator has proposed an amendment to the 1961 insurance law that would make it mandatory for insurance companies to compensate Kuwaitis and expatriates for damage caused by floods and flying gravel.

    Middle East | 10 Dec 2018
  • Tropical cyclone season sees more landfall in Japan than usual

    Tropical cyclones once again caused billions of dollars in damage across the globe in 2018, with the high number of typhoons that hit Japan and the two hurricane strikes in the US being of particular note.

    AIRPlus | 10 Dec 2018
  • Australia: Insurers face environmentalists' pressure on coal projects

    Thirty global insurance companies have been called upon to publicly rule out any insurance services for Indian mining multinational Adani's coal mine and associated rail project in Queensland -- in light of its potential climate, social, and broader environmental impacts.

    Asia | 07 Dec 2018
  • Saudi Arabia: Insurers question obligation to compensate stubborn drivers

    Insurance companies are being overwhelmed by claims from people who have damaged their vehicles in recent rains and floods.

    Middle East | 05 Dec 2018
  • New Zealand: Insurers must consider climate risks in their decisions-central bank

    There is a need for insurers and banks to reflect climate risks in their decisions, said The Reserve Bank of New Zealand in its six-monthly Financial Stability Report issued last week.

    Asia Risk | 05 Dec 2018
  • Should India transfer its catastrophe risks to capital markets?

    The coastal Indian state of Kerala suffered an estimated economic loss of $4.5bn due to the floods that affected the state in August this year. Kerala has demanded that the federal Indian government provide additional resources to help rebuild the state's damaged infrastructure.

    AIRPlus | 04 Dec 2018
  • Breaking down the protection gap

    The protection gap is not one singular figure of insured and uninsured people, but rather a series of gaps existing across different areas of society, said RMS chief research officer Dr Robert Muir-Wood. "It is not also simply the number of potential insureds who are without coverage. It is deeper than that. You can say that 60% of people do not have insurance, but maybe those people have less risk than the remaining 40%. That is why it is more important to measure the risk that is not covered, rather than just the people who are not covered," he said.

    AIRPlus | 03 Dec 2018
  • Asia can leapfrog other regions in ILS

    ILS has potential for deployment and growth in Asia, where insurance penetration is low and natural and manmade catastrophes inflict huge economic costs on governments, causing considerable strain on state budgets.

    AIRPlus | 03 Dec 2018
  • New Zealand: Central bank says insurers need to take account of climate risks

    Insurers and banks need to reflect climate risks in their decisions, says the Reserve Bank of New Zealand in its latest six-monthly Financial Stability Report released last week.

    Asia | 03 Dec 2018
  • Japan: P&C majors expected to post profits for FY2018 despite CAT hits

    Based on financial performance in the first half of fiscal 2018, three major P&C insurance groups in Japan are likely to remain profitable for the full fiscal year ending 31 March 2019 (FY2018), even after the exclusion of the accounting effect of the reversal of catastrophe reserves and gains on the sales of domestic stocks, according to Moody's Japan.

    Asia | 29 Nov 2018

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