Global reinsurers' losses should stay within 2024 catastrophe budgets despite Milton Global reinsurers will feel the impact of Hurricane Milton, S&P Global Ratings (S&P) has said but it does not foresee Milton overstepping the sector's annual catastrophe...
AIR+ AIR+ SEADRIF Insurance supports Laos after typhoon Yagi floods The SEADRIF Insurance Company has made a payout of $750,000 following the passage of typhoon Yagi...
Global industry insured losses in 2024 could exceed US$100bn due to Hurricane Milton Hurricane Milton will push global industry insured losses thus far in 2024 to over $100bn, which is...
India: AM Best upgrades GIC Re's ratings The operating performance of General Insurance Corporation of India (GIC Re) is viewed as adequate,...
AIR+ Australia: Building on floodplains continues despite repeated concerns Even as the Insurance Council of Australia (ICA) renewed its calls to stop building on floodplains,...
Pakistan: Regulator proposes hikes in required minimum paidup capital for insurers The Securities and Exchange Commission of Pakistan (SECP) yesterday proposed to increase the...
AIR+ Insurance fraud continues to rise A new survey has revealed that fraud remains a top concern for insurers globally and the number of...