Hiscox hit with £131m natural disasters bill

first_img Share Wednesday 26 January 2011 2:48 am John Dunne Show Comments ▼ by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHealthyTed Health Magazine10 Surprising Benefits of Bananas You Possibly Didn’t Know AboutHealthyTed Health MagazineAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmForge of Empires – Free Online GameIf You Like to Play, this City-Building Game is a Must-Have. No Install.Forge of Empires – Free Online GameElvenarIf You Need to Kill Time on Your Computer, this Fantasy Game is a Must-Have. No Install.ElvenarAll Things Auto | Search AdsNew Acura’s Finally On SaleAll Things Auto | Search AdsPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past FactoryBest Selling Grills | Search AdsTraeger Blaze & American Grills On SaleBest Selling Grills | Search AdsHero WarsBig Boss of internet games!Hero Wars Hiscox hit with £131m natural disasters bill center_img Insurer Hiscox is facing £131m of claims as a result of a series of natural catastrophes last year which have hit insurers across the world.Hiscox said in a trading statement that it was still assessing the possible impact to it from severe flooding in Australia, although it believed the company had an “underweight” exposure in this area.Hiscox said the combined net estimate from last year’s earthquakes in Chile and New Zealand, along with the Xynthia windstorm, would lead to a combined net claim of £115m.Hiscox added it estimated net claims of £16m from record cold weather in Britain last December.Data from the Insurance Council of Australia this month showed that the devastating floods in Queensland were expected to be a near $1bn (£633m) event for insurers, although reinsurance is seen covering more than half of it. The United Nations also said earlier this week that last year’s spate of natural disasters had caused $109bn in economic damage, with Chile and China bearing most of the cost whatsapp whatsapp More From Our Partners Police Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org Tags: NULLlast_img read more