car insurance losses bite into insurers\ earnings
Last Updated : GMT 09:07:40
Egypt Today, egypt today
Egypt Today, egypt today
Last Updated : GMT 09:07:40
Egypt Today, egypt today

Car insurance losses bite into insurers' earnings

Egypt Today, egypt today

Egypt Today, egypt today Car insurance losses bite into insurers' earnings

Seoul - Yonhap
South Korea's non-life insurers suffered massive losses from their car insurance business in the fiscal first half as heavy summer downpours led to a surge in claims, watchers said Wednesday.The combined net loss of 14 local non-life insurers' auto insurance businesses reached 108.3 billion won (US$959.1 million) in the April-September period, according to industry data. Local insurers close their books on March 31.
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