. Earth Science News .

Swiss Re estimates Thai floods cost at $600 mn
by Staff Writers
Zurich (AFP) Dec 6, 2011

Reinsurance giant Swiss Re on Tuesday said that Thailand's worst flooding in decades would cost it around $600 million, but warned that the estimate could be revised.

"Water levels remain high in certain regions, making it difficult to correctly estimate the losses," the company said in a statement.

"The impact of the floods on the Thai economy and on businesses active there is likely to be big and could last for a certain amount of time," said Brian Gray, chief underwriting officer at the Swiss company.

The floods had forced several important industrial complexes to close, with factories under several metres of water for weeks and unable to produce key components for automakers and electronics manufacturers, he said.

Some 1,500 industrial sites were affected by the floods, the firm added.

Three months of unusually heavy monsoon rains have inundated large swathes of Thailand, killing at least 675 people and affecting the homes and livelihoods of millions.

Related Links
Bringing Order To A World Of Disasters
A world of storm and tempest
When the Earth Quakes

Get Our Free Newsletters Via Email
Buy Advertising Editorial Enquiries


. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle

Web helps Bangkok's flood-hit pets find relief
Bangkok (AFP) Dec 4, 2011
When the floodwaters came up to her chin, Karuna Leuangleekpai knew she had to abandon her house on the outskirts of Bangkok. But she had no idea what to do with her seven dogs. Through Facebook, she heard about a flood evacuation shelter for pets run by veterinary student volunteers in the capital, so she crammed her soaking wet dogs into her car and went to seek help. "The water was ab ... read more

Swiss Re estimates Thai floods cost at $600 mn

Fukushima radioactive water leaked to Pacific: TEPCO

Blue goo a weapon in nuclear cleanup

Web helps Bangkok's flood-hit pets find relief

Japan baby formula shows radiation contamination

Dell abandons Android tablet in US

Proton beam experiments open new areas of research

Streaming to overtake cable in 3-5 years: Netflix

Genetic buzzer-beater genes may save fish

Australian fish adapts to hotter waters: study

Mekong nations to meet on controversial Laos dam

Ocean cacophony a torment for sea mammals

Abrupt permafrost thaw increases climate threat

Simultaneous ice melt in Antarctic and Arctic

Scientists confirm Himalayan glacial melting

'Record-setting' change in warming Arctic: report

Plant seeds protect their genetic material against dehydration

Fake Italian organic food sold around Europe: police

Herbicide may affect plants thought to be resistant

Stronger corn? Take it off steroids, make it all female

No end to eruptions at Ecuador's Tungurahua volcano

Hundreds of houses collapse in China quake

Thailand floods a 'wake-up' call for Asia: ADB

Pakistan most affected by climate change

US troops deploy in LRA rebel hunt: Uganda army

Tough hunt for Lord's Resistance Army in central Africa

Liberia's Nobel Peace Laureate holds peace jamboree

S. Sudan battles to transform guerrilla army

Lighting the way to understanding the brain

Making Collective Wisdom Wiser

Scientists Uncover New Role for Gene in Maintaining Steady Weight

Malaysia tribes struggle with modern problems


The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement