The Institutes

Flood Losses Prompt Key Changes in Thai Insurance Industry

 Wednesday, February 15, 2012

 A.M. Best

Insurers’ estimates of industry wide losses from the Thailand floods have increased 50% to USD 15 billion since A.M. Best’s last briefing on this event (Thai Flooding Brings Industrial, Business Interruption Claims), published Nov. 23, 2011. Such a loss would place the Thai floods in a tie for the fifth costliest insured loss event in the past 31 years. Aon Benfield estimated the floods in Thailand have damaged or destroyed more than 4 million homes, businesses and manufacturing facilities. This has generated structural damage four times greater than what resulted from Japan’s earthquake and tsunami in March 2011, but only half of the total insured loss due to a low rate of insurance adoption.

Adjusters Should Know About Fungi/Bacteria Exclusions

 Tuesday, September 2, 2014

 Property Casualty 360

Insurers braced for Thai flood bill topping $10 Billion

 Monday, November 21, 2011


Thai Floods: Insured Losses And Social Media Updates

 Thursday, November 3, 2011

 Insurance Information Institute - Blog

Cornwall flooding may prompt business insurance claims

 Thursday, November 18, 2010


Huge losses put federal flood insurance plan in the red

 Thursday, August 26, 2010

 USA Today