insurance industry: Insurers hike premiums for public infra assets by up to 25% in aftermath of Sikkim cloudburst
State-owned hydel unit Sikkim Urja lodged an insurance claim of ₹500 crore after unseasonal rains early in October caused the banks of the glacial South Lhonak Lake to breach, with a wall of water battering public infrastructure assets and drowning homes across a large swathe of urban Sikkim and the hilly reaches of West Bengal.
Source: indiatimes.com