With an aim to expand further globally, Moody's (MCO) announces the formation of VIS Rating, a partnership with leading financial institutions in Vietnam.
Moody's Investors’ Service said on Tuesday that estimated insured losses from wildfires on Maui in Hawaii will be at least $1 billion. With the average single-family home valued at $1.5 million, the estimated losses would primarily affect property and casualty insurers "with significant homeowners and commercial property market share".