Insurers plan floor for fire cover to avoid large burns
Non-life insurers are considering a minimum rate for fire insurance's natural catastrophe component. This move follows concerns about steep discounts exposing the industry and reinsurers to losses. The Insurance Regulatory and Development Authority of India chairman also expressed worries about insurer financial health. Aggressive pricing and recent fire losses in Gujarat have fueled these…
We haven't written up this one. The Economic Times - Top News has the full story — the link below goes straight to it.
