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Reprints
The Mumbai monorail has secured about 12 billion Indian rupees ($192.8 million) of insurance coverage from New India Assurance Co. Ltd., The Indian Express reported.
However, it has yet to obtain a terrorism cover. Sources revealed that the Mumbai Metropolitan Region Development Authority is calling for bids from insurers for terrorism insurance.
1. Turkish airlines cancel flights to Iran and Iraq amid war concerns
3. Zurich Insurance to stop underwriting new oil and gas projects
4. Bermudan, European reinsurers to suffer major hit from bridge collapse
5. Tycoon gets death sentence for multi-billion-dollar fraud
6. Inflation drives 10% increase in sum insured for windstorms