Lloyd's puts Thai flood bill at £1.4bn

Lloyd's of London, the specialist insurance market, says the claims it faces from the devastating floods in Thailand will amount to $2.2bn, or £1.4bn. This compares to an industry wide loss of $15-20bn.

Lloyd's of London, the specialist insurance market, says the claims it faces from the devastating floods in Thailand will amount to $2.2bn, or £1.4bn. This compares to an industry wide loss of $15-20bn.

Lloyds admits the figure may vary as more claims come in but maintains the floods will not "give rise to any material claims on the central fund or to any material change in the overall level of capitalisation of the market."

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