Arab Today, arab today car insurance losses bite into insurers\ earnings
Last Updated : GMT 18:11:48
Arab Today, arab today
Arab Today, arab today

Car insurance losses bite into insurers\' earnings

Arab Today, arab today

Arab Today, arab 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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