Officials in Thailand say insurance losses from months of flooding could cost insurers greatly, with some estimates running as high as $13 billion as floods reached industrial zones.
Most of the losses would be paid by Japanese insurers, according to one major insurance broker.
Sixty of Thailand’s 76 provinces have been affected by flooding caused by heavy monsoon rains beginning in July, according to a report released by London-based insurance broker Jardine Lloyd Thompson (JLT).
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