Catastrophe & Restoration

Insured losses from submitted bushfire claims already exceed $1.1 billion, but the final cost will undoubtedly rise.

Back-to-back years of devastating wildfire losses caught some insurers by surprise, and established players have suffered.

Natural disasters in 2019 caused $232 billion in economic losses, of which only $71 billion was covered by insurance.

As the pandemic grows, insurers could see resulting claims from such sectors as health, workers' comp and travel.

Changing weather patterns are impacting insurance claims worldwide. Norway is one country that's taking a proactive approach to the climate crisis.

While non-weather water damage is a single peril, many pathways lead to a non-weather water claim.