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International

Insured losses from Nigerian floods estimated at $2.3 billion

November 14, 2022 Reprints

Nigerian insurance industry experts estimate 1 trillion Nigerian naira ($2.3 billion) in insured losses from the recent floods in Nigeria that caused severe damage in 22 states, The Guardian reported. The industry experts said that actual losses could be much higher, due to the low insurance penetration in the country.

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Insured losses from Nigerian floods estimated at $2.3 billion

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