Major Losses

The losses result from incidents throughout construction of the Sakarya gas field, including damage to a subsea pipeline from an earthquake.

More rain is forecast for Auckland, with three 'heavy rain warning – red' notices issued today.

The intermediary tallied $360bn in economic losses worldwide.

Mayor Wayne Brown said infrastructure and emergency services had been overwhelmed by the storm’s impact.

The loss aggregator pegged the loss figure at A$791mn in its initial claim estimate.

The broker found that the insured-loss figure for 2022 was nearly 60% higher than the annual average over the 21st century.

Total economic losses are likely to be between $5bn and $7bn.

The broker said it had repeatedly made the football club aware new signings not added to the policy schedule were uninsured.

The regulator examined carriers’ ability to model nat-cat and cyber events, with mixed results.

The Ontario and Quebec derecho was the most severe weather event for Canada in 2022, causing C$1bn worth of losses.

The federal flood program expects ultimate losses to reach between $3.5bn and $5.3bn.

DLG’s outlook has been downgraded to ‘negative’ following a 24% tumble in share price since last week, as severe weather and investment-portfolio pressure tank profitability.