The worst flood in a century
Source: Asia Insurance Review | Oct 2018
Global Asia India South Asia Agriculture Business Interruption Nat CAT Property & Casualty Claims
In August, Kerala was devastated by floods of biblical proportions, caused by torrential rains over a three-week period resulting in close to 500 deaths and economic losses amounting to $5bn. We look at the factors behind this unprecedented natural calamity and how the insurance industry can deal with such events in the future.
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