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Gov't, ruling party to announce plan to reduce car insurance premium after curbs on public vehicles
2+ hour, 24+ min ago (194+ words) SEOUL, April 13 (Yonhap) -- The ruling Democratic Party (DP) and the government agreed Monday to announce a plan next week to reduce car insurance premiums as an odd-even rule for public vehicles has been implemented to curb demand from rising oil…...
Car insurers' 2025 net drops 84 pct due to rise in accidents
2+ week, 5+ day ago (147+ words) SEOUL, March 25 (Yonhap) -- The combined net income of insurance firms in South Korea from their auto insurance business dropped sharply from a year earlier in 2025 due partly to an increase in the number of accidents, data showed Wednesday. The combined…...
Loss rate for auto insurance down in Feb.
2+ week, 6+ day ago (141+ words) SEOUL, March 24 (Yonhap) -- Non-life insurers' loss rate for their auto insurance businesses fell in February due to increased insurance premiums, data showed Tuesday. The nation's four major non-life insurers, including Samsung Non-Life Insurance, logged an average loss rate of 86. 7 percent…...
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