International insurance news shows flood risk in Asia is increasing premiums

Thailand Flood in Industrial Park

Chance of flooding in factory zones is very high. International insurance companies are struggling to determine the flood exposure risks in the factory zones of Asia following 2011’s exceptionally expensive disasters in Thailand and throughout the region. These insurers are worried that further losses are on their way. Some firms have taken the flooding in Thailand as a warning that this will be the future of the international insurance environment. For that reason, they have taken several different actions. The first is that they have given discounts to industries that…

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