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CORPORATE: Indian Hotels gets Rs 25 cr in insurance claims.
from BUSINESS LINE, December 12, 2008 Mumbai, Dec. 11 - The Indian Hotels Company on Thursday received Rs 25 crore in insurance claims arising out of the terror attack on the Taj Mahal Hotel, Mumbai.
This is the first payment made to the hotel against its claims, and which was paid from the terror insurance pool by General Insurance Corporation of India (GIC Re), the designated administrator of the pool.
The payment was made after Tata AIG, the lead cover provider to the Taj Mahal Palace and Tower, submitted the claims report to GIC Re, a press release issued by GIC Re said.
Three insurance companies - Tata AIG General Insurance (65 per cent share), …
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