Insurers witness surge in claims, higher payouts amid heavy floods in North India
Tuesday 18 July, 2023
The devastating floods in the Northern parts of India have led to a surge in claims over vehicles and immovable property damages. If industry leaders are to be believed, the insurance companies are now facing higher payouts, causing increased financial liabilities and a re-evaluation of risk assessment in flood prone areas.Talking about the situation of the claims filed due to recent floods, Animesh Das, Chief Underwriting Officer