Insurers must expedite flood claim settlements for affected policyholders. The regulator has directed immediate deployment of surveyors and loss assessors. Special district-level claims desks and 24×7 helplines will be established. Electronic communication is encouraged to speed up claim registration and payments. This directive follows heavy rains and floods which began on July 19.
Oil Price Today (August 26): Crude oil tanks 6% in two days to hover near $85. What’s behind the decline?
Brent crude futures were down $2.35, or 2.65%, at $86 a barrel, while U.S. West Texas Intermediate crude futures fell $1.94, or 2.36%, to $80.42.