GIC Re

GIC releases terror insurance claims to Taj and Oberoi

General Insurance Corporation (GIC Re) has so far released Rs 167 crore as insurance claim to the Indian Hotels and EIH Ltd, the operators of prestigious Hotel Taj and Hotel Oberoi that suffered 26/11 terror attacks in Mumbai, claiming several lives and making huge property and heritage loss to the hotels.

GIC Re's Chairman and Managing Director, Yogesh Lohiya, said, "We have released Rs 167 crore to both hotels till now. The renovation work is on and we are waiting for the final report to settle the final claim."