Nepalese insurers asked not to distribute dividends

Nepalese nonlife insurers that have not yet held their annual general meetings have been asked by the country's Insurance Board not to distribute cash dividends in the wake of the devastating earthquake that hit the country in late April, reported E Kantipur.

Nonlife insurers have received 12,500 claims so far and have settled claims worth 27.8 million Nepalese rupees ($272,053), said the Insurance Board.

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