AIG Sees India Claims Rising to Decade-High on Worst Floods

  • Insurers brace for filings after deluge devastates Chennai
  • Trade body has pegged losses to businesses at $2.3 billion

Insurers from Lombard General Insurance Co. to American International Group Inc. are bracing for a surge in Indian claims to a 10-year high after unprecedented floods last week ravaged Chennai, the city home to factories of Ford Motor Co. and BMW AG.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.