Magazine date:
Jun 2010 Tawuniya, the country's largest insurance companies, has declared the “state of emergency” following the massive floods which hit the capital on May 6, 2010. The motor claims management centers received instructions to indemnify the insured as quickly as possible. Tawuniya has made recourse to experts, especially for claims affecting industrial and commercial risks. The November 25, 2010 floods had already caused Tawuniya losses estimated at 40 million SAR (10.6 million USD).