Kathmandu – Insurance companies have been asked to submit all claims related to damages from the recent Gen Z movement to the Insurance Authority by Ashoj 1. Authorities report that delays in damage assessments have occurred due to arson...

Kathmandu – Koshi Hospital has dismissed three employees after an internal investigation confirmed their involvement in misusing health insurance funds. The employees, including two pharmacy assistants and one office assistant working on a contract basis, were found guilty of...

Kathmandu – The Gen Z movement, which escalated violently across the country last week, has inflicted unprecedented material losses on government infrastructure in the capital. Among the hardest-hit areas was Singha Durbar, where a total of 1,042 vehicles belonging...

Kathmandu — The wave of Gen Z-led protests that shook Nepal in last week has left behind more than broken windows and charred storefronts. It has unleashed one of the largest insurance crises the country has faced in recent...

Kathmandu — The Nepal Insurance Authority (NIA) has initiated discussions with the chief executives of non-life insurance and reinsurance companies, as well as the Insurance Surveyors Association of Nepal, to address challenges in processing insurance claims arising from damages...

Kathmandu — Asian Life Insurance Company has extended the deadline for submitting bids for its auctioned right shares, initially opened from Bhadra 22 (September 7). Investors can now place their bids until Ashoj 5 (September 25), according to a...

Kathmandu — Former Chief Justice Sushila Karki has formally assumed leadership of the interim government, taking the oath of office and secrecy as Prime Minister today. The swearing-in ceremony was held at the President’s Office, where President Ram Chandra...

Kathmandu — The Gen Z movement, which turned violent after Bhadra 23, has left widespread devastation across the country, with property damage estimated in the billions of rupees. Insurance companies fear that claims could surpass Rs 50 billion, posing...

Kathmandu — The Nepal Insurance Authority has instructed insurance companies to expedite the settlement of claims related to damages caused during the Gen Z protests on Bhadra 23 and 24. Issuing a notice on Thursday, the authority urged insurers...

Kathmandu — Bhatbhateni Superstore has suffered damages worth billions of rupees during the Gen Z protests last Tuesday, with initial assessments indicating insurance claims of over Rs 2.5 billion falling under IGI Prudential Insurance alone. Out of the 28...