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India: State body urges insurers to speed up paying cyclone Hudhud claims

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The Andhra Pradesh Industrial Infrastructure Corp. Ltd. has called for faster claims payments by India's general insurers for industrial firms affected by cyclone Hudhud, reports Business Standard.

Manufacturers in Visakhapatnam and its neighboring districts have suffered total losses of around 7 billion to 8 billion Indian rupees ($114 million to $130 million), an APIIC official said. The official said losses from production disruptions had yet to be calculated.

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