Kerala floods: Insurance firms expect claims of more than Rs 1,000 crore
India TV NewsAmidst the continuous relief and rescue operations after being ravaged by one-of the worst natural calamities of the 21st century, insurance companies in the state said that they are expecting claims of more than Rs 1,000 crore. Assessment of claims will take place with situation moving to normal, a senior official of an insurance firm said, adding a clear picture will emerge in the next 4-5 days when claims are received. Public sector general insurance companies -- National Insurance, New India Assurance, Oriental Insurance and United India Insurance -- under the aegis of GIPSA has geared up to settle claims in flood-hit Kerala. According to IFFCO Tokio General Insurance Executive Director R Kannan, the company has mobilised over 100 in-house and external surveyors for quick claim assessment and payments.