Thai insurer opens flood credit line
MSIG Insurance (Thailand) has opened a Bt1bn ($33.5m) emergency credit line to help pay out Bt2bn ($67m) for flood damage.
The insurer has been forced to open the credit line as it awaits all payments from reinsurers by the end of 2013, according to a report in The Nation in Thailand.
MSIG's chairman said that if Bt1bn is
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