The insurance industry is grappling with a new kind of weather risk that’s increasingly driving its biggest losses. While no single weather event caused more than $10 billion in losses for insurers last year, there were 37 medium-sized thunderstorms each costing at least $1 billion, according to a report by Aon Plc. That’s more than ever before and way above the average of 14 such storms in a single year, the insurance broker said.
India's wealthy opt for term insurance policies worth Rs 5-20 crore: Report
Read More
