Aviation insurers have said manufacturer’s liability claims relating to a design flaw with Rolls-Royce’s Trent 1000 jet engine, are no closer to being settled, according to The Insurance Insider.
RMS has pushed the average estimate for losses from Hurricane Dorian in the US and the Caribbean above previous levels, with a total loss pick of $4bn-$8bn.
Catastrophe risk modelling firm AIR Worldwide has estimated that industry insured losses from Typhoon Faxai are likely to be JPY340bn-JPY740bn ($3bn-$7bn).
Typhoon Faxai, which made landfall as a Category 3 typhoon in the city of Chiba, has caused extensive damage to Tokyo, affecting the city’s port and industrial areas.
Catastrophe loss data provider Perils has reined in its loss estimate for extratropical cyclone Dragi-Eberhard by EUR27mn, to EUR772mn, compared with its June figure for the event.
Catastrophe risk modelling firm AIR Worldwide has issued an estimate of $1.5bn-$3bn in industry insured losses from the destruction wrought by Hurricane Dorian in the Caribbean.
The official death toll from Hurricane Dorian in the Bahamas has been estimated at 30, but is expected to rise significantly, according to the country's government.
Insured losses were down $7bn for the first half of 2019 at $19bn, a decrease of around 27 percent on the same period last year, according to Swiss Re Institute’s preliminary sigma estimate.
AIR Worldwide has estimated insured losses from Typhoon Lekima in excess of 6bn yuan ($854mn), after the windstorm struck China’s east coast, about 200 miles south of Shanghai.
Boeing’s liability insurers are expecting losses from last year’s Lion Air disaster to cost in the region of $330mn, it is understood.
The global cyber market could be on the hook for a record $400mn loss after the personal details of around 106 million Capital One customers were stolen in a hacking incident discovered in July.
A fire which is reported to have broken out in the Nakilat Damen Shipyards in Qatar is believed to have destroyed three super yachts with an estimated value of between $60mn and $100mn.
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