{
  "id": 6229242,
  "title": "Thailand approves 15.5 billion baht disaster insurance scheme",
  "url": "https://urgent.news/2026/09/08/thailand-approves-15-5-billion-baht-disaster-insurance-scheme",
  "topic": "world",
  "section": "World",
  "published": "2026-09-08T03:12:04.000Z",
  "source": {
    "name": "The Thaiger",
    "slug": "the-thaiger",
    "url": "https://thethaiger.com/news/national/thailand-disaster-insurance-15-5-billion-baht-scheme"
  },
  "original_language": "en",
  "account": "Thailand has unveiled a $467 million annual disaster insurance scheme, covering approximately 30 million households in high-risk regions, according to a government announcement on September 1. Prime Minister Anutin Charnvirakul revealed the scheme's annual budget, with private insurers responsible for claims exceeding the government's direct funding. The plan aims to cut state spending on disaster losses, which currently amounts to at least 30 billion baht per year. Government compensation for flood-related damages will start at 10,000 baht, while storm or earthquake-related incidents will be covered by 5,000 baht. Payments will be issued within 15 days. Total compensation per household will be capped at 100,000 baht for each disaster, and a death resulting from a disaster will receive a 2 million baht payout. The initiative is being developed by the Department of Disaster Prevention and Mitigation, the Ministry of Finance, the Office of Insurance Commission, and the Thai General Insurance Association. Recent flooding in Thailand, including recent north and south outbreaks, has underscored the need for such a safety net, as urbanization and climate change increase exposure to natural disasters, and much of the associated economic damage remains uninsured.",
  "summary": "About 30 million households would be covered against floods, windstorms and earthquakes from October 2026 The story Thailand approves 15.5 billion baht disaster insurance scheme as seen on Thaiger News .",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Chiang Rai Times",
        "title": "Thailand to Launch Massive National Disaster Insurance Scheme",
        "url": "https://urgent.news/2026/09/08/thailand-to-launch-massive-national-disaster-insurance-scheme",
        "published": "2026-09-08T00:40:54.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}