SINGAPORE — Insurers may hike premiums for flood-prone properties in Singapore after a deluge caused millions of dollars in damage and led to luxury stores being barricaded with sandbags, a report said Friday.The daily estimated that claims for damage to property and vehicles since mid-June could exceed 10 million Singapore dollars (7.28 million US).
Among the flood-prone areas under review is the fashionable Orchard Road shopping belt, home to some of Singapore's richest people. Full Story
