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Lessons from Nepal floods: What Indian businesses need to know about disaster insurance

Mint 1 hr ago·22 Sept 2026, 6:51 am

Nepal floods caused $2.56 billion in losses and $171 million in insurance claims, exposing risks relevant to India, which loses $8 billion annually to disasters. Sikkim's 2023 GLOF disaster showed how sub-limits can leave ‘All Risk’ policies dangerously underinsured.

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