(CNN) – A powerful earthquake with a magnitude of 8.8 struck off Russia’s Far Eastern Kamchatka Peninsula early Wednesday, triggering a tsunami of up to 4 meters and prompting widespread evacuations across the Pacific region, including Japan, Hawaii, and...

Natural disasters across the globe have caused an estimated US$131 billion in overall losses in the first half of 2025, according to data compiled by Munich Re. While slightly lower than the inflation-adjusted US$155 billion recorded in the same...

Minneapolis – Allianz Life Insurance Company of North America has confirmed a significant data breach affecting the majority of its 1.4 million customers. The Minneapolis-based insurer, a subsidiary of Germany’s Allianz SE, reported that a malicious actor accessed personally...

Global commercial insurance pricing dropped by 4% in the second quarter of 2025, marking the fourth consecutive quarterly decline, according to Marsh’s latest Global Insurance Market Index. This decline follows a 3% drop in the first quarter and comes...

Beijing (Xinhua) — The participation rate of persons with disabilities in China’s basic medical insurance has remained above 95 percent, according to the official data. Cheng Kai, the chairman of the China Disabled Persons’ Federation, stated during a news...

Mumbai — Tesla has officially entered the Indian market with the launch of its first showroom in Mumbai on July 15, showcasing the Model Y in two variants: Rear-Wheel Drive (₹60 lakh) and Long Range Rear-Wheel Drive (₹68 lakh+)....

Global reinsurer Munich Re has announced a strong preliminary net profit of €2.1 billion for the second quarter of 2025—up €500 million year-on-year—driven by low major-loss expenditures in its property and casualty (P&C) reinsurance segment. The German reinsurer also...

Seoul – In response to the devastating floods caused by five days of relentless rainfall across South Korea, the Non-life Insurance Social Contribution Council has announced a major relief initiative, including the construction of temporary housing and financial donations....

Shanghai – China’s voluntary health insurance programme for urban and rural residents is witnessing a steep decline in enrolment, raising concerns over the long-term sustainability of the country’s public healthcare system. Official data released by the National Healthcare Security...

Global insured losses from natural catastrophes soared to an estimated $100 billion in the first half of 2025, marking the second-highest first-half total ever recorded, according to Aon’s Catastrophe Insight team. The sharp rise in losses was mainly driven...