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International

Insurers settle nearly 80% of quake claims

April 26, 2017 Reprints

Nepal's insurance regulator said that local nonlife insurers have settled nearly 80% of claims worth almost 17 billion Nepalese rupees ($165 million) from the April 2015 earthquake, The Himalayan Times reported. The insurers have settled nearly 17,000 claims with payouts of more than NPR 13 billion as of mid-April. Of the total amount paid, insurers have received nearly NPR 7.4 billion from reinsurers so far.

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Insurers settle nearly 80% of quake claims

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