insurance payouts News

Insurer QBE Sets Aside Immediate Needs Payouts for Spain Train Victims

Australian insurance group QBE said on Thursday it had set aside 2.75 million euros ($3.64 million) for the immediate needs of those affected by last week’s train crash in Galicia in northwest Spain, which left 79 people dead. QBE may …

Insurance Claims From May Oklahoma Tornadoes Top 60,000

The Oklahoma Insurance Department says more than 60,000 claims have been filed from tornadoes that raked the state last month, with total insurance payments currently topping $470,000. Insurance Commissioner John Doak released the latest figures on Tuesday and said it’s …

New Zealand Insurance Unpaid 2 Years After Quake

Many homeowners are still waiting for insurance payouts two years after an earthquake devastated New Zealand’s second largest city and killed 185 people. A majority of claims have yet to be paid, and many residents of Christchurch are criticizing the …