Since the 2020 hurricanes, nine insurers became insolvent in the US state of Louisiana within a couple of years.
About 12 percent of Florida residents have no homeowners’ insurance – rates are far higher than in the rest of the US.
LIC’s weak debut comes even as stocks in India and the broader Asian market rallied on Tuesday.
Most Nigerians, especially rural dwellers, often go without adequate healthcare or insurance.
Through the IPO of state-run LIC, India expects to raise $2.7bn from the sale of a 3.5 percent stake.
The upcoming listing of the country’s insurer, the state-owned crown jewel, is being looked at as India’s Aramco moment.
Ida pummeled Louisiana with some of the strongest winds ever to hit the US state, damaging homes, schools and hospitals.
Policy is meant to address complaints customers have lodged about third-party merchants who use Amazon’s marketplace.
The world’s largest retailer is offering affordable insulin drugs for millions of Americans living with diabetes.
These firms lack the cash to cover interest payments, will likely collapse once gov’ts end pandemic fiscal measures.
New Zealand says banks and insurers of a certain size will have to report how they manage climate-related risks.
India to double healthcare spending, increase cap on foreign investment in insurance to boost the industry.
Some insurers are imposing waiting periods before COVID patients can apply for coverage, industry sources tell Reuters.
Soaring temperatures are raising financial risks for the poor, but new forms of insurance could help to mitigate them.
