Financial Daily from THE HINDU group of publications
Wednesday, Oct 09, 2002
Financial Daily from THE HINDU group of publications Wednesday, Oct 09, 2002 |
|
|
|
|
|
Money & Banking
-
General Insurance Logistics - Roadways Ministries to discuss rise in motor claims Our Bureau
CHENNAI, Oct. 8 THE Ministry of Finance will soon be convening a meeting with the Transport Ministry to find a solution to the problem of high motor insurance claims leading to large underwriting losses for insurance companies, Mr Anandrao V. Adsul, Minister of State for Finance, Govt of India, said today. When asked whether the necessary amendments could not be made in the Motor Vehicles Act, which could help in limiting the liability of insurance companies in the case of third party claims, Mr Adsul took refuge in the fact that it was just one and half months since he had taken charge and that he had come to know of the problem only today. In his talk with the media, Mr Adsul said that he had come to Chennai to interact with the managements of banks in Tamil Nadu, review the developments and listen to the problems faced by the management of banks and insurance companies. He complimented the banks in the State and said that, "they were doing their jobs well."
Send this article to Friends by
E-Mail
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | Home |
Copyright © 2002, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|