Samsung Claiming From Insurance due to Power Outage Damage

Almost a day after the significant power-cut that the factory received, Samsung is going to “get insurance payments from a local insurer for the damage received during Friday’s power outage.”

The current estimate of the figure that will cover Samsung’s damage is said to be roughly $40 million, which is huge, yet understandable considering their huge losses thanks to the blackout.

Many analysts have predicted that it “would take weeks for the plants to reach full capacity,” which if is proven to be true, expect the same high prices and likely to remain constrained.

The exact cause of the power outage is yet to be known, but after weeks of investigating I’m pretty sure the poor insurance company that’s paying Samsung will find out.

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