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Kerala Floods: Cochin Airport Files Insurance Claims Worth ₹3.4 bn
September 27, 2018
The Airport Authority of India (AAI) and Cochin International Airport Ltd. (CIAL) have filed insurance claims amounting to ₹3.36 billion with the New India Assurance (NIA) general insurance company regarding the massive damage caused due to the recent floods in the area.
A senior executive of NIA said that the insurer is currently assessing the damage caused by the floods to the airport’s assets. It’s expected that it will have to pay an amount to the tune of ₹2 billion. However, nothing can be said for sure at this point since the investigations are at an early stage, they said.
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