Business Standard

Insurers brace for huge claims due to Cyclone Amphan, eye aviation claims

West Bengal Chief Minister Mamata Banerjee said that the damage due to Amphan could be more than Rs 1 trillion

A taxi damaged during Cyclone Amphan, in North 24 Parganas
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A taxi damaged during Cyclone Amphan, in West Bengal's North 24 Parganas

Namrata AcharyaArindam Majumder Kolkata/New Delhi
Insurance companies are bracing for large claims on account of Amphan, the cyclone which ravaged West Bengal and Orissa last week. Most of the claims are expected from property, motor and crop insurance sectors.

There could be some respite for insurers with Air India not being eligible for any insurance claims over its damaged hangar at Kolkata airport. However, a private aircraft is reported to have been damaged during the cyclone.

According to sources, insurance companies so far have not received any claims from the aviation sector, including Air India.

The sector is mostly insured by the four public

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