FSA searches Sompo Japan premises over Bigmotor probe: report
September 19 2023 by InsuranceAsia News Staff
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Pacific & Orient Insurance to see more underwriting stress ahead: Fitch
- September 14
Fitch Ratings has affirmed the company an insurer rating of'BBB+' (good), with a stable outlook mainly taking into account strong capitalisation.
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Claims from Typhoon Saola and black rain event of ‘large scale and continue to escalate’: HKIA
- September 12
The two storms have caused significant motor and property losses, with the regulator urging insurers to make adequate resources available to settle claims.
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Hong Kong to see most claims since 2018 typhoon after record rainfall; Shenzhen also hit
- September 11
Rates to harden as insurers count costs of BI claims, damage to vehicles, flats, roads, hotels, shopping malls and metro stations caused by flooding, according to market experts.
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Sompo Japan CEO Giichi Shirakawa steps down over Bigmotor scandal
- September 8
The top executive will resign and take responsibility for the company’s handling of the insurance fraud, while a nomination committee has been constituted to find a successor.
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