Bigmotor and Sompo face imminent inspection by Japan's financial watchdog, as part of an investigation into fraudulent claims made by the user-car dealership.
Despite advances in safety measures and culture, a repeat of the earthquake would cause economic loss of US$331bn and insurance losses around US$140bn, according to Moody's RMS and Swiss Re.
The 'General Insurance Claims Handling' framework is an industry-wide collaboration driven by ANZIIF in partnership with ASIC and insurance industry bodies.
Local media reports show that over the past five years, Korean insurance companies have experienced a tripling of claims payouts and a more than fourfold rise in the number of claims.
The Fremantle Highway roll-on roll-off vehicle carrier experienced a devastating fire off the Dutch coast while transporting 2,857 vehicles, including electric vehicles - leading to the death of at least...
