Korean woesApril 22 2016 by Nick Ferguson
- August 15
Claims from the record downpour expected to top US$115m.
- August 10
Insurers including Samsung Fire & Marine and DB Insurance said the damages amount to several billion won.
- August 3
The Asia arm comprises units across mainland China, Hong Kong, Thailand, Japan and South Korea.
- July 21
Samsung F&M and Hyundai M&F under fire, but Kepco’s decision to exit coal signals change.
A longer claims process and increased cost were some of the challenges faced by insurers.
Tropical cyclones have always been a significant peril in Asia and a major focus for risk assessment in the region.