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| Tuesday, 04 January 2005 |
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Hayleys AIG to cover all losses The joint venture between the 127-year-old conglomerate in Sri Lanka and one of the largest financial services companies in the world, Hayleys AIG Insurance Company Limited said that it will cover all losses reported under its policies for which the insured has obtained Earthquake cover. Of all the losses reported at Hayleys AIG, 100% of the losses have been inspected and the current estimates are being prepared. Hayleys AIG reported the same to the Insurance Board of Sri Lanka at a meeting held on December 31. Hayleys AIG has already made arrangements to make advance payments to the affected companies. In less than 48 hours AIG flies in loss adjustors of international repute to assess the losses reported. |
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