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of <h1>Insurance Companies Settle Majority of Claims After 2014 Jammu & Kashmir Floods, Disbursing Over Rs. 1,800 Crore.</h1> In response to the Jammu & Kashmir floods in September 2014, Public Sector General Insurance Companies settled 13,612 out of 13,909 claims, disbursing Rs. 729.75 crore. Most of the remaining 297 claims have received on-account payments, with final settlements underway. Private Sector General Insurance Companies settled 31,195 out of 34,163 claims, totaling Rs. 1,076.12 crore, with 2,684 claims still in process for Rs. 225.17 crore. The Life Insurance Corporation of India and Private Sector Life Insurance Companies settled all death claims, totaling 31 cases.
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