The ratings agency noted that the flooding that struck the area in mid-July could become the country’s largest-ever insured loss event, surpassing the record cat loss of $1bn from Typhoon Fitow in 2013.
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The ratings agency noted that the flooding that struck the area in mid-July could become the country’s largest-ever insured loss event, surpassing the record cat loss of $1bn from Typhoon Fitow in 2013.
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