ECONOMYNEXT – Sri Lanka’s Insurance Regulatory Commission had met head of insurers to develop a mechanism to quickly settle claims of policy holders hit by Cyclone Ditwah, a statement from the President Media office quoted Treasury Secretary Harshana Suriyapperuma as saying. Suriyapperuma said all insurance companies have “already begun the process of providing prompt compensation for damaged businesses, property and loss of life resulting from the cyclone”. “Compensation payments for minor property damage have already commenced.” Insurance company representatives have said compensation for extensive property damage will be paid after proper verification, according to the PMD statement. “Where possible, a…
Sri Lanka regulator meets insurers over Diwah claims
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