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Sri Lanka: Heavy rains cause flash flooding, landslides

June 9, 2014 - 6:00am


Heavy rains have caused landslides and flash floods in parts of Sri Lanka, Asia Insurance Review reported.

The rains arrived after a period of severe drought.

Catastrophe modeling firm RMS expects risks related to water-related climate variability to intensify.

Nikki Chambers, hazards scientist at RMS, said "flood insurance in this region is given only in combination with windstorm/cyclone cover."

Ms. Chambers added that "industry reports suggest there is take-up of about 20% of this type of cover mainly from industrial and commercial organizations."

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