IOC Fire at Jaipur
The Indian Oil depot at Jaipur, has been insured for Rs.230 crore. The primary insurer for the property is ICICI Lombard General Insurance (50%), followed by Oriental Insurance (25%) and others including IFFCO Tokio and state insurers. Reinsurance for large part of this cover is provided by GIC Re. The total claim payable and share of each of insurers & reinsurers would depend on terms and conditions of the cover and reinsurance treaty.
Taj Hotel - 26/11
Indian Hotels has indicated in a filing to BSE that that has received Rs.130 crore till date as an ‘on account’ payment towards business interruption and property damage claim. The lead insurer for Indian Hotels was Tata AIG General Insurance, followed by ICICI Lombard and IFFCO Tokio.
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