Thai floods could be costliest in decade: Allianz

Posted by Reuters: David Fogarty and Kevin Lim on November 18th, 2011
Reuters: Insured losses from Thai floods could be in the double-digit billions of dollars and the disaster will lead to a re-assessment of weather risks to industries in Asia, a senior official from global insurer Allianz said. Calculating the true cost of the floods could take years in terms of working out the lost business to Thailand from investors who might now choose to invest in other countries, said Lutz Fullgraf, Allianz's regional CEO for global corporate and specialty. He said the losses comprise......

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