The Economic Times

7 years on, insurer ordered to pay Rs 8.06 cr to Swiss firm subsidiary in fire claim dispute

A consumer commission ordered an insurer to pay over eight crore rupees to Victorinox India. The company's fire insurance claim was unfairly repudiated by the insurance firm. This rejection occurred solely on technical grounds, which the commission deemed unsustainable. The commission found the insurer engaged in unfair trade practices and service deficiency. Victorinox India will receive the claim amount with interest and compensation.