'Indian economy suffers $3 billion loss from recent floods'
India suffered a $3 billion loss to its economy from severe rainfall and flooding in November and early December, reinsurance broker Aon Benfield said in its monthly report on global catastrophes.
Trending Photos
London: India suffered a $3 billion loss to its economy from severe rainfall and flooding in November and early December, reinsurance broker Aon Benfield said in its monthly report on global catastrophes.
"The 100-year rainfall event in Chennai exposed the inherent weakness of the one-dimensional nature of this economic pursuit."
India`s General Insurance Corporation reported insurance claims of around $300 million, Aon Benfield added, indicating low insurance penetration in India.
Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News.
Advertisement
Live Tv
Advertisement