Majority of losses come from motor line, with Office of the Insurance Commission announcing new disaster management measures to expedite industry response to floods.
Strong winds and rain have halted life in the mega-city, with ports, bridges, and highways closed, along with all flights to and from the city cancelled.
(Re)insurance industry facing losses of hundreds of millions in both China and Vietnam, but economic losses in the billions will far outstrip payouts, highlighting the significant regional protection...
