So, why is this occurring in a warming globe? And of course it continues to warm with 2020 going down in books as the fourth hottest year on record.
Mr Guse added that insurers like QBE had certainly turned into a “little more risky” asset for potential investors though the sector was focused on tackling its operating risks by active lobbying of governments to seriously act on climate change.
In 2020 alone, 22 cases of unprovoked ‘confrontations’ between sharks and people were reported, incidents that left seven people dead and 10 more injured.
is it worthwhile for young male folks to pay more for car insurance than the older female, or make young, energetic and healthy people to purchase private insurance just to keep the cost of health insurance low for the older customers to afford?
QBE recently announced plans to set aside an additional US$685 million (around AU$888 million) for claims relating to catastrophic weather events in 2021 after surpassing its US$550 million cap in 2020 due to the severe bushfires and the unprecedented hurricane season in Australia’s northern hemisphere.
The category five storm systems ravaged through the northern island of Vanua Levu with wind gusts moving at speeds of 345km/h.
The forecast severe thunderstorms are expected to deliver heavy falls that could cause flash flooding in parts spanning Canberra to Walgett in the northern NSW.
Apparently, a pipe beneath the pathway collapsed due to the weight exerted by the sodden soil.
Severe thunderstorms also caused damage in southeast Queensland, as rooftops got ripped off and thrown miles away as thousands of residents went without electricity.
Extreme weather being experienced in parts of the southeast Queensland and the northern NSW coast will intensify as heavy rainfall and strong winds linger on throughout the night.