Economic TimesLean R·
Insurers may face higher crop cover claims in Andhra Pradesh, Maharashtra, Karnataka
Mumbai: Insurers are bracing for crop insurance claims in Maharashtra, Karnataka and Andhra Pradesh, as weather-related losses threaten to push up payouts.In Maharashtra, insurers' liability could be capped at Rs 1,540 crore before the state government takes over claims beyond that level. The state has declared drought-like conditions in 265 talukas, raising concerns over this year's losses.Maharashtra's adoption of an 80:110 "cup and cap" model links insurers' liability to premiums collected w…
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