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Claims paid for July rains & floods in Japan approach $1.5bn

The July flooding in Japan caused by extreme levels of rainfall has now resulted in almost $1.5 billion of insurance claims paid, according to the latest figures from the General Insurance Association of Japan (GIAJ).Recently, catastrophe risk modelling specialist AIR Worldwide estimated an insurance and reinsurance industry loss of somewhere read the full article →

Droughts, wildfires & floods cost over $7.3bn in July: Aon

Severe droughts, wildfires and flooding from torrential rain and typhoons have combined to cause in excess of $7 billion of economic losses in July 2018, with the insurance and reinsurance industry set to pay its share of the global bill.Impact Forecasting, the catastrophe risk analysis arm of insurance and reinsurance read the full article →