High Court chastises insurance company for delaying tactics

NEW INDIA ASSURANCE’S APPEAL AGAINST MOTOR ACCIDENTS CLAIMS TRIBUNAL DISMISSED WITH COSTS
COURT SHOOTS DOWN INSURANCE COMPANY’S ‘OBJECTIVE’ TO ‘DEPRIVE VICTIMS OF ACCIDENTS FROM LEGITIMATE COMPENSATION’
GANGTOK, 24 Nov: Insurance claimants of motor vehicle accidents are often put under unnecessary harassment by the insurance companies come the time of applying for claims under the Motor Vehicles Act. And more often than not, the claimants have to approach the judiciary for redressal of grievances against the insurance agencies.

Lack of IRDA-certified surveyors makes damage assessment tedious

GANGTOK, 16 Oct: The exercise of assessing earthquake damages by insurance companies has revealed the disconcerting lack of independent earthquake surveyors in Sikkim. For a State which sits on seismic zone-IV of the earthquake-prone areas and where house-owners pay among the highest premiums in the country, this is indeed a startling lack of accredited experts.

More than 500 claims of property damage totaling over Rs. 15 crore being processed

EARTHQUAKE DEVASTATION KEEPS INSURANCE COMPANIES BUSY
GANGTOK, 16 Oct: Over 500 claims totaling to over Rs. 15 crore have landed with the three nationalised insurance companies in the State [which insure buildings] from people from all over Sikkim for damages incurred to dwellings due to the 18 September Earthquake. The number of claims, along with the total claim amount, is rising ever day as claimants make their way to their insurance companies with their claims of damages incurred.