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International

Samsung Fire, Korean Re, AIG to pay for dam collapse in Laos

July 29, 2019 Reprints

Flooding after dam collapse in Laos last summer/ SHUTTERSTOCK.COM

A report said that insurers like South Korea-based Samsung Fire & Marine Insurance Co. Ltd., Korean Reinsurance Co. and American International Group Inc. might have to pay for the collapse of an auxiliary dam at the Xe Pian-Xe Namnoy hydropower complex in Laos in July 2018, Nikkei Asian Review reported. These insurers hold about $50 million in liability coverage between them across two policies.

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Samsung Fire, Korean Re, AIG to pay for dam collapse in Laos

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