Reuters: On April 1, the Sri Lankan government paid 300 million rupees ($2 million) as a premium to buy its first national natural disaster cover from the country's National Insurance Trust Fund.
Just six weeks later, as drenching rains swamped the country and a major landslide ripped through Aranayake region, in Kegalle District, the government made its first insurance claim, for nearly a million dollars, to provide meals and other immediate assistance to over 300,000 people hit by the disaster.
Soon...