NU Online News Service, Dec. 6, 12:31 p.m. EST
Insurance industry representatives say the four months of flooding in Thailand could cost the insurance industry as much as $11 billion, with Swiss Re putting its losses at over a half-billion dollars.
Swiss Re issued an estimate today saying claims losses from flooding in Thailand would cost it $600 million. It put total insured market loss in the range of $8 to $11 billion.
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