Nepal flood insured losses could top $1B

News August 31, 2026 at 09:49 AM
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What You Need To Know

  • As of Aug. 31, Nepal’s National Disaster Risk Reduction and Management Authority reports 903 people dead and 4,247 missing in Nepal following the Aug. 26 flash floods.
  • The Aug. 26 disaster destroyed villages, roads, bridges and major hydropower facilities.
  • Nepal Finance Minister Swarnim Wagle said the country could require $4 billion to $5 billion to rebuild, an amount approaching 10% of Nepal’s economy.