Insurance firms at loss through first three quarters
Insurance companies have operated at a loss through the first nine months of the year, paying out a total of $32.5 million over $20.4 million in generated revenues, according to data released by the Cambodian Reinsurance Company on Friday. Ty Atith, a senior underwriter at the Cambodian Reinsurance Company, said that the largest payouts came from two fires that occurred in March at June Textile Factory in Phnom Penh, which was permanently closed down, and River Rich Textile Factory in Kandal province…
