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ECONOMY

Over Rs 840 million insurance claims filed after Rasuwagadhi floods

Following the devastating flood and landslide in Rasuwagadhi (Bhotekoshi) on July 8, insurance companies have received claims exceeding Rs 840 million (approximately USD 6.9 million) related to damages caused by the disaster.
By REPUBLICA

KATHMANDU, July 18: Following the devastating flood and landslide in Rasuwagadhi (Bhotekoshi) on July 8, insurance companies have received claims exceeding Rs 840 million (approximately USD 6.9 million) related to damages caused by the disaster. The Nepal Insurance Authority reported that 68 claims totaling Rs 843.8 million have been filed with 11 non-life insurance companies.



Property insurance claims constitute the largest share with Rs 580.1 million, followed by marine insurance claims related to transport and import amounting to Rs 162.3 million. Engineering and contractor risk insurance accounts for Rs 54 million, while public motor insurance and private motor insurance claims total Rs 25.95 million and Rs 21.45 million, respectively.


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Among insurers, Himalaya Everest Insurance received the highest claims at Rs Rs million from two cases, followed by Shikhar Insurance with Rs 168.5 million from 12 claims. Other companies with notable claims include Neco Insurance (Rs  51.2 million), Sagarmatha Lumbini Insurance (Rs  26.5 million), Nepal Insurance (Rs  12.85 million), and United Ajod Insurance (Rs  9.1 million).


 

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