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International

Regulator tells insurers to settle flood claims in Nepal

August 21, 2017 Reprints

Nepal's insurance regulator, the Insurance Board, has instructed insurers to settle claims for damage caused by floods which inundated large parts of the country from Aug. 11 to Aug. 14, The Kathmandu Post reported. Chiranjibi Chapagain, chairman of the Insurance Board, said that the regulator has asked insurers to mobilize surveyors to estimate claimable losses caused by the floods. Floods inundated 500 factories in the Sunsari-Morang Industrial Corridor and hotels and restaurants in Sauraha, Chitwan.

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Regulator tells insurers to settle flood claims in Nepal

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