As you are all aware, the Western Region of India has suffered extensively due to heavy and unprecedented rainfall in the region. The loss to lives and property is immense. All the insurers have announced steps to ensure speedy settlement of claims by setting up special cells besides waiving some of the procedural requirements in case of genuine claims. The Authority appreciates the pro-active stand of the insurers.

The Authority would like to be kept informed about the estimated amount of loss and the measures adopted by the insurance companies to ensure discharge of their policy liabilities under the insurance contracts immediately.

The Authority would seek returns from all insurers’ on a weekly basis department wise in the enclosed format. The first return should be reach the Authority on 8th August 20005 to Mr. T.S.Naik, Deputy Director, and on every subsequent Monday, for the previous week, both for the week and on cumulative basis.


Please acknowledge receipt and compliance.


(C.S. Rao)
Chairman

* E-mail of Mr. T.S.Naik: tsnaik@irdaonline.org