News - South Korea: Vehicle flood-damage claims to hit US$38 mln

Source: Asia Insurance Review | Sep 2011

The Financial Supervisory Service (FSS) said 5,839 vehicle flood-damage claims as a result of the floods in July were submitted. It projects that insurers will pay about KRW40.3 billion (US$37.7 million) to settle the claims.

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News - South Korea: Vehicle flood-damage claims to hit US$38 mln

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