Insurers braced for Thai flood bill topping $10 Billion

Monday, November 21st, 2011 Catastrophe Property

Insurers are bracing themselves for claims in excess of $10 billion after floods in Thailand disabled major foreign-owned manufacturing operations there, adding to an already record-breaking natural catastrophe bill this year. Analysts and industry executives say it is too soon to gauge the full impact of the floods, Thailand’s worst in 50 years, as the waters have only just started to recede more than three months after they first rose.

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