Rasuwa Flood: Insurance Claims Reach Rs 985.9 Million

Damaged vehicles are visible after severe monsoon rains flooded the Bhotekoshi River and swept away a key bridge connecting the country with China in Rasuwagadi, north of the capital, Kathmandu, Nepal, on July 8. AP/RSS

The initial insurance claims resulting from the floods and landslides triggered by incessant rainfall in Rasuwa district on July 8 have reached Rs 985.98 million, according to the Nepal Insurance Authority.

As of August 6, a total of 78 claims had been filed. These include property insurance (6), marine insurance (9), engineering and contractor risk (5), private motor insurance (16), and public motor insurance (42).

Read: Rasuwagadhi Flood: Timure Dryport Reconstruction Uncertain

By company, Himalayan Everest Insurance accounted for the highest claims at Rs 550 million, followed by Shikhar Insurance at Rs 169.63 million, Nepal Insurance at Rs 87.3 million, and Sanima GIC at Rs 68.48 million. Neco Insurance reported claims worth Rs 56.7 million, Sagarmatha Lumbini Insurance Rs 26.5 million, United Ajod Insurance Rs 9.1 million, IGI Prudential Insurance Rs 7.67 million, NLG Insurance Rs 4.7 million, Siddhartha Premier Rs 3.1 million, and Prabhu Insurance Rs 2.8 million.

The flood in the Lehende River, also known as Bhotekoshi, washed away the Friendship Bridge on the Nepal–China border and vehicles parked in the customs yard. It also caused damage to structures including the Rasuwa Gadhi Hydropower Project and killed at least seven people while at least eighteen were reported missing. -- RSS

Read: Rasuwa Flood Likely Triggered by Supraglacial Lake Outburst in China: DHM

 

 

 

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