Business and Finance
Source: (remove) : Business Daily Africa
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Business and Finance
Source: (remove) : Business Daily Africa
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CIC General pays Sh700 million in flood and protests claims


Published on 2024-12-17 08:40:48 - Business Daily Africa
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  • CIC General Insurance paid claims of about Sh300 million following the widespread flooding that hit Kenya between March and June.

CIC General Insurance has disbursed Sh700 million to cover claims from the recent floods and anti-government protests in Kenya, as reported by CEO Fred Ruoro. The company has processed 1,200 claims, with 600 related to the protests and 600 from the floods. The floods, which started in March, have caused significant damage, including the loss of 291 lives and displacement of over 280,000 people. The insurance firm has also noted an increase in premiums due to the heightened risk environment. Additionally, CIC General has been actively involved in providing relief efforts, distributing food and non-food items to affected communities. The company is also preparing for potential future claims as the rainy season continues, with the government forecasting more heavy rainfall.

Read the Full Business Daily Africa Article at:
[ https://www.businessdailyafrica.com/bd/corporate/companies/cic-general-pays-sh700-million-in-flood-and-protests-claims-4860612 ]