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.
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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
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