An arbitration panel has decided in favour of Munich Re in its dispute with Norwegian insurer Protector Forsikring over (re)insured losses from the Grenfell Tower fire in 2017.
The aviation war insurance market is set to absorb a $110mn claim arising from the disappearance of Malaysia Airlines flight MH370 in 2014.
The crash of a Miami Air International-operated flight from Guantanamo Bay to Florida in May has caused the aviation market a $51mn loss.
The downstream energy market is braced for a possible further $600mn of losses, on top of the minimum $250mn-$350mn anticipated as a consequence of the Philadelphia Energy Solutions refinery fire.
The fire at a Philadelphia Energy Solutions (PES) refinery, which was initially estimated as being likely to cost insurers between $250mn and $350mn, could be a $1bn total loss after the company announced the permanent closure of the site.
Online grocery firm Ocado has revealed that the expected loss from the fire at its Andover warehouse in February has increased by £10mn to £110.3mn.
A fire at a Jim Beam warehouse in Kentucky is expected to cost the cargo market up to $150mn after 45,000 barrels of bourbon were reported to have been destroyed in the blaze.
The total loss of a Vega launch vehicle and its payload on take-off from the Guiana Space Center on 10 July is expected to hit the space (re)insurance market with a claim in excess of $400mn, Inside FAC has learned.
The crash of a Miami Air-operated flight from Guantanamo Bay to Florida in May has hit the aviation market with a $51mn loss.
Catastrophe loss data aggregator Perils has increased its insured property loss estimate for December’s Sydney hailstorm to A$766mn ($529mn), up from its A$633mn ($449mn) estimate in March.
A helicopter crash-landed on the roof of the Axa Equitable Center in New York on 10 June, killing one person.
The General Insurance Association of Japan (GIAJ) has estimated that insurance claims arising from last year’s Typhoon Jebi have nearly doubled since November, to 1.07tn yen ($9.9bn), as of 20 May.
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