BANGKOK -- At least four Thai insurance companies have gone bankrupt after suffering losses from selling low-cost COVID-19 policies, raising fears of a domino effect that could weigh on the country's non-life insurance sector.
Coronavirus
Thai insurers sink into bankruptcy due to COVID claims
Huge payouts and scams weigh on entire non-life insurance sector
Thais pay their respects to Buddhist monks after the omicron surge, which pushed daily COVID cases to over 20,000 and sank insurers who had offered cheap coverage against the disease. © Reuters
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