GIC Q1 standalone profit jumps 10%, consolidated net drops 31%
General Insurance Corporation of India (GIC) reported a 9.69% rise in standalone profit after tax to Rs 1,922 crore for the June quarter, up from Rs 1,752 crore a year ago. Gross…
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Gujarat floods may bring Rs 5,000 crore insurance claims
Insurers expect nearly Rs 5,000 crore in claims from last month's Gujarat floods, mostly for property damage, rediff.com reports. The figure dwarfs the Rs 1,500-2,000 crore in claims from the 2024 floods.…
