Category: Business & Economy
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Sri Lanka’s Insurance Sector Braces for Heavy Losses as Cyclone Ditwah Floods Trigger Surge in Claims
Sri Lanka’s insurance sector is assessing the financial fallout from Cyclone Ditwah, which triggered severe floods, widespread property damage and large-scale displacement across multiple districts this week. While insurers expect a spike in motor and property-related claims, industry leaders say the overall financial hit may be less severe than early fears due to strong reinsurance