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Insurers vow to pay in full for Thailand's tsunami damage.
Byline: Phusadee Arunmas
Jan. 5--Insurance companies say they need a few more days to survey and adjust damages before paying insurance claims to tsunami-stricken properties.
"Those who had bought insurance that covers risks from earthquakes will be paid absolutely," said Suchin Wanglee, the president of the General Insurance Association.
Damage from flooding caused by earthquakes will be covered as well, but not damage caused by flushing water, he said.
Insurers yesterday reported to the Insurance Department that as of Monday, there were 539 claims from insured customers in the six southern provinces, representing total claim payments ...
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Source: HighBeam Research, Insurers vow to pay in full for Thailand's tsunami damage.