Gujarat Rains Could Trigger Nearly ₹5,000 Crore in Insurance Claims

Business Standard reported that the recent monsoon rains in Gujarat could lead insurers to receive claims totaling almost ₹5,000 crore. The figure represents an estimate based on preliminary damage assessments. Insurance companies are preparing for a surge in payouts as flood and wind damage reports accumulate. The state’s extensive agricultural and industrial sectors are likely to be heavily impacted by the rainfall.