Thu, Nov 04, 1999 - Page 18 News List

Newcomers fill insurance void

COMPETITION As big insurance firms turn away homeowners seeking quake policies to guard against future disasters, newcomers are happy to have their business

By Stanley Chou  /  STAFF REPORTER

Meanwhile, the Allianz Insurance Group, the largest insurance group in the world, had revenue last year of US$60 billion.

"Besides the standard fire and earthquake policies, we offer another policy with full coverage for homeowners," Lee said. "It includes quakes, typhoons, fire and all kinds of natural disasters and man-made accidents that could damage one's property. Both products have been available before and after the 921 earthquake. We don't reject customers, as some others do."

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