Power producers' insurance rates surge 200%
Posted On: May. 30, 2019 6:51 AM CSTIndian 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.