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International

Iranian insurers settle nearly $25 million of quake-related claims

March 13, 2018 Reprints

Abdolnasser Hemmati, head of regulator the Central Insurance of Iran, said that local insurers have settled more than 1 trillion Iranian rials ($24.5 million) worth of claims related to the November 2017 earthquake, Middle East Insurance Review reported citing Financial Tribune. The 7.2-magnitude quake struck Iran's western province of Kermanshah. Mr. Hemmati said that insurers are expected to pay more than IRR 2 trillion for settling the quake-related claims.

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Iranian insurers settle nearly $25 million of quake-related claims

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