South Korea flood motor claims rise to US$22m: report

South Korea hit by torrential rain with 4 dead, 500 properties damaged

Over 400mm of rain fell over three days, with most rain-related fatalities reported in South Chungcheong province.

Tonga renews US$17m multi-peril cover with PCRIC

Renewed policy is expected to provide coverage for tropical cyclones, earthquakes, tsunamis, and droughts, and will have a US$1m premium contribution from the Tongan government.

US$1.3bn Myanmar earthquake biggest non-US insured loss event in H1 2025 as global total tops US$84bn: Gallagher Re

‘Psychological threshold’ question, the report says, is when will the insurance industry face its first US$200bn nominal annual loss year?

Tokyo flooding to bring minimal losses, but highlights growing need to adjust underwriting strategies, flood models

While the event may not significantly impact (re)insurance pricing, loss adjusters told InsuranceAsia News that insurers need to respond to increasing attritional nat cat losses.