Bloomberg News

Thai Industrial Estate Flood Damage May Rise to 140 Billion Baht

October 26, 2011

Oct. 26 (Bloomberg) -- Thailand’s floods may cause about 140 billion baht ($4.55 billion) of financial damage to manufacturers in seven industrial estates, the government’s insurance regulator said.

The manufacturers have insurance coverage totaling about 457 billion baht, Chantra Purnariksha, secretary-general of the Office of Insurance Commission, told reporters in Bangkok today.

Japanese insurers account for 80 percent of the total insured value, she said.

To contact the reporter on this story: Anuchit Nguyen in Bangkok at anguyen@bloomberg.net

To contact the editor responsible for this story: Tony Jordan at tjordan3@bloomberg.net


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