More than half of P&C insurers show underwriting losses in 1H2023

Published on August 4, 2023
Unlisted P&C insurance companies are gradually shedding the impact of the comprehensive reform of auto insurance even as their premium volume grew steadily in 1H2023. However, their underwriting
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72 unlisted P&C insurers post combined net profit of nearly US$900m in 1H

August 4, 2023
A total of 72 unlisted property insurance companies posted a combined net profit of CNY6.41bn ($896m) for the first half of this year, achieving positive growth in net results, according to an

Hyundai and Kia Recall Vehicles, Urge Owners to Park Outside

August 4, 2023
WASHINGTON —Hyundai Motor and Kia said on Thursday they are recalling more than 91,000 newer vehicles in the U.S. because of fire risks and urged owners to park outside and away from structures pending repairs. The recall covers Hyundai 2023-2024 …