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The devastating quake left more than 50,000 dead and destroyed 160,000 buildings in Turkey. -
The estimate is an increase on the figure released by Perils in December, which gauged the insured losses at 120bn yen.
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Allstate disclosed a $211mn catastrophe loss in February based on nine separate events.
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The flooding resulted in the costliest weather event for New Zealand’s insurance industry to date.
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The amount of limit purchased by the California Earthquake Authority has stepped down over the past couple of years.
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The loss aggregator raised the quantum from its third estimate of A$6,292mn, put out in early September.
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According to the ICNZ, 48,000 claims have been lodged, with NZ$111mn of insurance claims paid so far.
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The Florida insurer recognised a major increase in Ian losses in Q4, rendering its personal lines carrier insolvent.
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The manager’s life & alternative credit segment invested in the reverse mortgage specialist.
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More than 239,000 insurance claims relating to the event have been lodged, according to the ICA.
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The biggest increases came from North American hurricane and earthquake coverage, where retentions rose from $350mn to $600mn.
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The insured losses include those to private insurers as well as to the Turkish Catastrophe Insurance Pool.
