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Sri Lanka’s devastating experience with Cyclone Ditwah has exposed a fundamental weakness in the country’s disaster-financing system: the enormous difference between the economic damage caused by natural disasters and the losses actually covered by insurance. The World Bank estimated Ditwah’s direct physical damage at US$4.1 billion, equivalent to around 4 percent of Sri Lanka’s gross […] The post Ditwah Exposes Sri Lanka’s Dangerous Insurance Protection Gap appeared first on Lankanews.lk .

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