Double Trouble

Sri Lanka’s insurance risk is under evaluation as international re-insurers take another look at the island’s potential risk from earthquakes, after an earthquake motivated tsunami wrecked havoc in the country. Sri Lanka’s insurance risk is under evaluation as international re-insurers take another look at the island’s potential risk from earthquakes, after an earthquake motivated tsunami wrecked havoc in the country. “Sri Lanka was not considered within an earthquake risk zone previously. But now re-insurers are re-assessing the country risk for earthquakes,” said Chandra Jayaratne, managing director, Eagle Insurance, at a press conference on Wednesday.

In fact earthquake risk is Sri Lanka, before Sunday December 25, 2004, was so slight that the country did not even offer earthquake related insurance cover for vehicles.

Earthquake
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