One year on from Laos dam collapse, insurers urged to help

Rights groups say thousands of affected villagers in need of aid

A year on from a devastating dam collapse in southern Laos, rights groups are pushing major insurance firms to help make compensation available for thousands of victims still reeling from the disaster.

An auxiliary dam at the under-construction Xe Pian-Xe Namnoy hydropower complex collapsed on July 23 last year, unleashing a wall of water that killed at least 71 people and left thousands homeless.

According to a report released on Tuesday by Inclusive Development International and International Rivers, major insurance companies including AIG of the U.S. and South Korean insurers Samsung Fire & Marine and Korean Re may end up footing some of the bill of its catastrophic failure.

In full: https://asia.nikkei.com/Business/Engineering-Construction/One-year-on-from-Laos-dam-collapse-insurers-urged-to-help

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