Insurance Post

$3bn Thai flood losses set to escalate as city centre inundation begins

bankok

Loss adjusters have told Post there is a “whiff of Katrina” about the Thailand floods, following predictions the disaster could cost more than the estimated $3.3bn (£2.1bn) insured losses.

As the floods threatened central Bangkok on Tuesday, two manufacturing industrial estates had already been flooded. The supply chains of multinational firms including Apple and Ford Motors are said to

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