BANGKOK -- Sixteen Thai insurance companies suffering losses from cheap COVID-19 policies they began selling last year are crossing their fingers that the regulator will allow them to revoke the policies.
Coronavirus
Thai insurers face huge losses from bargain COVID policies
An avalanche of claims has put 16 nonlife companies at risk of collapse
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Thais line up for vaccine shots in Bangkok. Well over half of Thailand's 69.8 million people bought inexpensive COVID policies that have come back to haunt listed nonlife insurers. © Reuters
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