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Thai residents wade through floodwaters with their belongings in Nonthaburi province, outskirts of Bangkok, Thailand, Nov. 29, 2011. (AP Photo/Sakchai Lalit)

NU Online News Service, Dec. 6, 12:31 p.m. EST

Insurance industry representatives say the four months of flooding in Thailand could cost the insurance industry as much as $11 billion, with Swiss Re putting its losses at over a half-billion dollars.

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