BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Suncorp warns Auckland floods could trigger reinsurance

Flood risk

Australia's Suncorp Group Ltd. and Insurance Australia Group Ltd. have warned of impending losses from the severe flooding in Auckland, New Zealand, with Suncorp saying that its reinsurance arrangements could be triggered and the potential for claims is expected to be significant, Artemis reported. Suncorp's flood event loss will be capped at $50 million New Zealand ($32.3 million), net of reinsurance cover, while IAG could raise its catastrophe budget. IAG's maximum retention from such floods is $236 million Australian ($165.3 million).


Read more