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Recent floods could trigger $720 million in claims

Posted On: Dec. 30, 2021 9:57 AM CST

The General Insurance Association of Malaysia has estimated that the total claims payout for damage from recent floods could total 3 billion Malaysian ringgit ($720 million), Reinsurance News reported. These estimates include actual and potential personal lines and commercial risks claims directly resulting from the recent flash floods and the upcoming monsoon season.