Asian floods, especially in Thailand, have not only plagued the local populations, but also?insurance companies that seem to make the same payments year after year. Building of factories along low lying coastal areas mean a yearly flood event and pay out. Insurance companies are beginning to take action, while corporations using factories to produce products, have other issues.
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Source: http://www.treasuryandrisk.com/2012/07/24/asian-floods-roiling-insurance-market-reuters
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