Singapore after a flood of millions of dollars in damage and luxury in dug with sand bags resulted, a report said Friday. 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.
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