Insuring against earthquake risk

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The story "Insuring against earthquake risk" was covered 8 hours ago by Bangkok Post, a news publisher based in Thailand.

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Bangkok Post 8h ago

Insuring against earthquake risk - Bangkok Post

Quick Summary:

The 7.7-magnitude earthquake that struck Myanmar and parts of Thailand on March 28 left significant cracks in high-rise buildings in Bangkok and surrounding provinces.

When natural disasters occur, having insurance can help alleviate the financial burden and mitigate property damage to some extent.

"Earthquakes and other more frequent natural disasters in Thailand such as floods and storms increase awareness among consumers and corporations of the need for adequate protection," said Lars Heibutzki, chief executive of Allianz Ayudhya General Insurance.