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Insurers brace for claims from cyclone Fani

Posted On: May. 7, 2019 6:40 AM CST

Cyclone Fani hits India

Indian insurers are preparing to settle a large number of cyclone Fani-related claims for property and crop damage despite an insurance penetration rate of less than 1% in the country, Asia Insurance Review reported citing sources. The cyclone struck the state of Odisha on May 3, causing widespread damage across the region.

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