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Sri Lanka's investment in disaster risk insurance gives fast payoff
2016-06-13 03:33:00| Climate Ark Climate Change & Global Warming Newsfeed
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...
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