Thai flooding loss estimate increases to $4.5bn
With Thailand's industrial heartlands still swamped and Bangkok fighting peak tides on the Chao Phraya river, the Thai Office of Insurance Commission (OIC) has increased its insured loss estimates from the country's worst flooding in 50 years.
According to Fitch Ratings, the OIC increased its estimate to 140bn Thai baht, the equivalent of around $4.5bn.
But the increased loss estimate comes as central Bangkok appears to have largely won the battle to keep the water at bay today (31 October)...
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