The floods have severely impacted infrastructure, including hydropower plants and roads, and claimed nearly 1,200 lives, with thousands reported missing. Insurance costs for run-of-the-river hydropower projects are expected to rise, while reservoir-based projects may see less impact. The disaster highlights the growing vulnerability of the Himalayan region to climate-related hazards, with implications for regional economies and disaster preparedness. Increased insurance premiums could strain budgets for infrastructure projects, affecting development in the region.