Nepal Floods Cost Insurers Over 130 Million Dollars
Recent floods in Nepal are expected to cause commercial insurance losses exceeding 130 million dollars. Hydropower projects along the affected river corridor account for the majority of these claims. Industry executives warn the disaster may lead to stricter coverage terms for Himalayan infrastructure.
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Devastating floods in Nepal could trigger commercial insurance losses exceeding 20 billion Nepalese rupees ($132.3 million), driven largely by damaged hydropower projects.
