General insurers’ premium increases 18.3% in July
General insurance companies in India witnessed an 18.3 per cent increase in premiums in July, amounting to Rs 23,259 crore. Read more
Fire losses accounted for over half of the claims lodged with general insurance companies in 2011-12. According to Insurance  Regulatory and Development Authority (IRDA) data, compiled by insurance broking house India Insure, engineering-related  issues such as machine failure constituted another 16.8 per cent of the claims and marine claims accounted for 14.1 per cent. Read more
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