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International

Power producers' insurance rates surge 200%

May 30, 2019 Reprints

Indian power producers said that insurance premiums for covering a 1,000 megawatt plant have surged nearly 200% year over year to 78 million Indian rupees ($1.1 million), Business Line reported. Insurers increased rates after reinsurer General Insurance Corp. of India called on the carriers to quote higher premium rates for sectors that report large claims.

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Power producers' insurance rates surge 200%

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