Flood In Singapore

nsurers materials for sensitive properties of flood in the walk from Singapore after a flood of millions of dollars in damage and luxury in dug with sand bags resulted, a report said Friday.

“Three floods in a period of one month is unprecedented in Singapore,” said the President of the Association of general insurance, Derek Teo the Straits Times as businesses and homeowners in the State of the city braced for more rain.

The newspaper estimated that the requirement for damage to property and vehicles since mid-June $ Singapore more than 10 million (US $ 7.28 million).

In areas prone to flooding in consideration is the fashionable Orchard Road shopping belt, home to some of the richest people in Singapore. Some establishments ground floor in the area, including a branch of the chain of luxurious Hermes, they are now protected by sandbags.

Teo, who could not be reached for comment on Friday, was quoted as saying that the damage caused by heavy rainfall and overwhelmed the sewer “, it is important for insurers and the situation to follow”.

Flood insurance used to attend free of charge by the competitive market and historically low exposure to these incidents, the report said.

Singapore founder, Lee Kuan Yew, said Wednesday the floods on the tropical island thanks to the constant rain and small country were inevitable.

86 years Prime Minister and now Adviser to his son Lee Hsien Loong Government, also admitted that the measures taken by the Government to assess the impact of the floods were insufficient.

The Straits Times said one of the largest insurance companies, Singapore NTUC Income, more than 100 related flooding claims for damage to property and vehicles had received.

Kua Ka Hin, Director Ejecutivo of Singapore safe Re Munich International, signed, concern Singapore strongly urbanized more frequent floods in the future, may occur. “The current infrastructure of the drainage can do with new intensity?” he asked. “Also with urbanization, there is more surface drain.” For example, look at Orchard Road, there are large parts of the country covered in concrete, which previously would have allowed water to penetrate, of course, “the report quoted him.”

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