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Bid for $40 million disaster insurance program fails - E-Insurance News

Rosalia de Leon, treasurer of the Philippines, said that the government is unable to find reinsurers for a 2 billion Philippine pesos ($40 million) national disaster indemnity insurance program after a failed bid this month, Business Inquirer reports.The government was looking to insure the bridges, roads and highways in 25 provinces as well as schools in 32 provinces and the national capital region against fire, lightning and natural catastrophes.Read more.


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Publisher: E-Insurance News
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