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Insurers expect Indian claims to rise to decade-high on worst floods

Wednesday, December 9, 2015 - 05:50
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The Chennai city had a record 1,218.6 millimetres of precipitation in November, three times more than normal, and 506 millimetres this month through Dec 5.

Mumbai

INSURERS from Lombard General Insurance Co to American International Group Inc are bracing for a surge in Indian claims to a 10-year high after unprecedented floods last week ravaged Chennai, the city home to factories of Ford Motor Co and BMW AG.

Disruption in road, rail