|
|
Article: INDIAN INSURERS EXPECT US ATTACK TO HURT BOTTOM LINES.
- Article from:
- AsiaPulse News
- Article date:
- September 13, 2001
CopyrightCOPYRIGHT 2001 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NEW DELHI, Sept 13 Asia Pulse - The terrorist attacks in United States would certainly have a detrimental effect on the bottom lines of general insurance and re-insurance companies in India, according to a senior official in Loss Prevention Association of India Ltd.
"The American fallout is likely to hit Indian insurance companies' bottom-lines on account of an expected hike in reinsurance premiuum worldwide," S Narayanswamy, Managing Director of LPA, told PTI.
LPA, a unit of General Insurance Corporation (GIC) providing consultancy to non-life PSU companies, expects claims in international markets runing into billions of dollars after the attack, he ...