I recommended that the Legislature amend the insurance statutes to provide that the minimum liability and UM/UIM coverage for automobiles and all motor vehicles be increased to $100,000. The action of ...

Compulsory Third Party Insurance Market Insights: The Compulsory Third Party (CTP) Insurance market is a critical segment of the global insurance industry, designed to provide essential coverage for ...

Exploring Compulsory Third Party (CTP) Insurance Market Dynamics, Latest Trends, and Regional Insights Leading into 2032 Rise in demand for protection against third-party losses, increase in ...

The International Maritime Organization (IMO) treaty ensuring that adequate compensation is available to persons that suffer damage caused by oil spills, when carried as fuel in ships’ bunkers, has ...

What third-party motor insurance covers, why it is compulsory, and how much vehicle owners actually pay annually.

In the first 11 months of 2025, Azerbaijan collected 331.3 million manat ($194 million) in compulsory insurance premiums. This marks a 7% increase from the same period in 2024. Payments for compulsory ...