Kittiratt seeks doubling of flood insurance fund
New scheme extends coverage to factories
- Published: 27/01/2012 at 11:16 AM
- Newspaper section: Business
The government is considering whether to double to 1 trillion baht the maximum coverage of a proposed insurance fund for losses from natural catastrophes.
"New Finance Minister Kittiratt Na-Ranong wants the fund to extend its coverage as well to large-scale industrial factories," said a Finance Ministry source who asked not to be named.
"Such a move would help to restore confidence among those large factories that were hit hard by the recent floods."
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About the author
- Writer: Wichit Chantanusornsiri & Soonya Vanichkorn
