SAFETYBackground
Thailand to launch national disaster insurance in October
The Thai government plans to launch a national disaster insurance scheme in October covering 30 million households against floods, windstorms and earthquakes, with an annual state budget of about 15.5 billion baht for premiums. Initial payments of up to 10,000 baht for flood damage and 5,000 baht for windstorm/earthquake damage will be made within 15 days, with total compensation capped at 100,000 baht per incident per household.
Context — no action needed.