Insured losses from Nigerian floods estimated at $2.3 billion
Posted On: Nov. 14, 2022 9:49 AM CSTNigerian 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.