Thomson Reuters Foundation: India’s water-logged farmers try out revamped flood insurance

But as climate change brings intensifying rainfall in South Asia, the floods are worsening and so is their destructive potential.

A new flood insurance effort being tried in six villages in Bihar aims to bring greater accuracy and speed to assessing and compensating crop damage from flooding.

The pilot project, backed by the Sri Lanka-based International Water Management Institute (IWMI), will insure 200 farmers for up to 5 million rupees ($78,000) in losses in total, with payouts made within a couple of months of a disaster.

 

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