Flood insurance may become more expensive in the Philippines

Tropical Strom Haikui

Tropical Strom Haikui exacts terrible toll on Philippines capital A devastating flood has caused havoc in the Philippines in the wake of Tropical Storm Haikui. Heavy rains from the storm, as well as those occurring after the event, have caused nearly of fifth of the bustling metropolis of Manila to be submerged. More than 900,000 residents have been evacuated from the area, seeking refuge outside of the city and on nearby islands that were not affected by the disaster. The main island of Luzon suffered a serious blow to its…

Read More