Mindanao Earthquake: Insured Losses Limited by Philippines’ Protection Gap
The magnitude 7.8 earthquake that struck the southern Philippines on 8 June 2026 is expected to trigger a multi-line claims event for insurers and reinsurers, according to AM Best. While the quake will cause significant economic losses across Mindanao, the ratings agency reports that insured losses will represent only a fraction of the total damage … Read more