Insurer to pay for closure to avert risk from rioting

In July 2008, there was a huge agitation against the government's move to acquire land belonging to the Amarnath Shrine Board

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Jehangir B Gai

3 min read Last Updated : Jul 03 2022 | 11:13 PM IST

BBF Industries, a Ludhiana-based company, had two manufacturing units for making cartons and packaging material. It had obtained two insurance policies from United India Insurance—one for Standard Fire and Special Perils with a coverage of over Rs 60 crore, and the other for Consequential Loss (Fire) Policy with a coverage of Rs 15 crore. Both the policies were valid from October 29, 2007 to October 28, 2008.

In July 2008, there was a huge agitation against the government’s move to acquire land belonging to the Amarnath Shrine Board. There were protest rallies, strikes and riots, due to which curfew was imposed.

Disclaimer: These are personal views of the writer. They do not necessarily reflect the opinion of www.business-standard.com or the Business Standard newspaper

Topics : Insurance indian government

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