Industrial assets underinsured by up to 60% in Asia
Telecommunications, energy and petrochemical companies are underinsuring their industrial assets by 30% to 60% in Asia, according to a new report by Marsh, and John Foord, an industrial asset valuation firm in Asia.
The report said that many companies are not taking into account recent fluctuations in commodity prices, material and labour costs and are consequently underinsuring the full replacement value of
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