tag:blogger.com,1999:blog-4026752849891280534.post7677355894413423306..comments2024-03-28T18:16:05.432+05:30Comments on "Sampath Speaking" - the thoughts of an Insurer from Thiruvallikkeni: Is Flood cover free or ?!! - Economic Times article on Flood InsuranceSrinivasan Sampathkumarhttp://www.blogger.com/profile/14723907851050009131noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-4026752849891280534.post-60766942509538723682012-08-17T08:56:38.823+05:302012-08-17T08:56:38.823+05:30Most of the time, the news papers enter into more ...Most of the time, the news papers enter into more technical issues like the subject articles. As usual Shri.Sampath had clarified adequately.ASARhttps://www.blogger.com/profile/12419210185653666130noreply@blogger.comtag:blogger.com,1999:blog-4026752849891280534.post-33148804782820616982012-08-16T15:06:01.599+05:302012-08-16T15:06:01.599+05:30the confusion arisen due to the Newspaper not ment...the confusion arisen due to the Newspaper not mentioning the location where this change is happening. I would be more interested to know the definition changes in 'flood'. shailesh from indiahttps://www.blogger.com/profile/03286516322041610887noreply@blogger.comtag:blogger.com,1999:blog-4026752849891280534.post-4315571892398929692012-08-15T18:20:44.667+05:302012-08-15T18:20:44.667+05:30Sampath is perfectly right as the Standard Fire &a...Sampath is perfectly right as the Standard Fire & Specal Perils policy available in India already covers flood loss.The error if any is essentially bexcause very few media persons are specially qualified to write on general insurance matters and the race to ne the first to brek a story leads to such wrong reporting.<br />If the insurers are planning to increase tariif, it is fine and perhaps a sensible thing as in their desire to ganer more business in a hurry & repent at leisure, the insurers did indulge in too much of competition. Increase in fire policy premium is good for the health of insurers.<br />Col Jairath(Retd)DharamPalhttps://www.blogger.com/profile/16982108841259078951noreply@blogger.comtag:blogger.com,1999:blog-4026752849891280534.post-2019300573836494962012-08-14T23:35:19.851+05:302012-08-14T23:35:19.851+05:30Ya i went through it in the morning.The second lin...Ya i went through it in the morning.The second line of the article says that the 'companies will include flood risk in the policy' , i was confused for a second and was wondering..Flood is already covered under STFI perils under fire & allied perils policy.But i was not known of the rating that add on cover for flood is given by paying the additional premium so as earthquake cover..I think rather than charging additional premium,they should increase the base premium component depending on the risk profile of the insured.vamsihttps://www.blogger.com/profile/12832150285812697833noreply@blogger.com