Mr Arkhom says no Thai insurance policies exist for damage to state infrastructure. The Office of the Insurance Commission should consider approving insurance that covers environmental damage and damage to state infrastructure, says Finance Minister Arkhom Termpittayapaisith. However, after such period state agencies have to shoulder the risks of project damage on their own, said Mr Arkhom. Many countries have these two types of insurance, said Mr Arkhom. The pandemic outbreak during the past two years is another factor encouraging Thais to buy insurance policies, said Mr Arkhom.

Source: Bangkok Post September 03, 2022 01:41 UTC