A decade on from Hurricane Katrina becoming the US’ costliest ever natural disaster, it still has plenty of lessons to teach Australian businesses.
catastrophe
Man-made threats outweigh nature
Australians may perceive their biggest risks as coming from nature but an in-depth report from Lloyd’s has highlighted that key man-made risks outstrip nature.
Cyclone plan whips up storm
Insurers have come out swinging against a Federal Government taskforce considering a cyclone insurance mutual in northern Australia.
Solar storm risk looming
Emerging risk research completed by an international insurer reveals a 12% chance of a major solar storm event occurring within the next decade.
Insurer takes $1 billion disaste ...
A major Australian insurer has reported a $1 billion claims hit to its general insurance business as a result of natural disasters in the past financial year.
Trial product builds new home
Policyholders will receive a new home if their property is damaged beyond repair under a home cover product being piloted in Queensland.
Post-storm struggle continues
Thousands of homes along the NSW coast remain without power from the strong storms last week, with insurance losses exceeding more than $240 million.
NSW storm declared a catastrophe
NSW is continuing to be battered by wild weather for the third full day in a row, with the damage prompting the ICA to declare the event a catastrophe.