Diamond Fire pays out in excess of $70M over Robb and Camp St blaze
By Stabroek News On
In
Guyana News |
left are: Devani Kowlessar – Senior Account Executive of Raj Singh Insurance Brokers; Torrica McRae – Manager of Raj Singh Insurance Brokers; Rabindranauth Basil – Assistant Manager of Diamond Fire & General Insurance; Ridwan Khan on behalf of RNK Investment Inc and Devkumar Persaud – Senior Account Executive of Raj Singh Insurance Brokers. (Raj Singh Insurance Brokers photo)left are: Devani Kowlessar – Senior Account Executive of Raj Singh Insurance Brokers; Torrica McRae – Manager of Raj Singh Insurance Brokers; Rabindranauth Basil – Assistant Manager of Diamond Fire & General Insurance; Ridwan Khan on behalf of RNK Investment Inc and Devkumar Persaud – Senior Account Executive of Raj Singh Insurance Brokers. (Raj Singh Insurance Brokers photo)
Diamond Fire & General Insurance Inc through Raj Singh Insurance Brokers has settled in full a claim for $70 million to RNK Investments for the fire at Robb and Camp streets.
According to a press release on Tuesday from the Brokers, the July 12 fire which destroyed two buildings owned by RNK Inv had occurred due a leaky gas line in one of the buildings.
Subsequently, Adjusters from Trinidad were able to investigate the claim which allowed for the “executed” settlement. The release added that outstanding claims are yet to be settled by GTM, Assuria and a few other insurers which Raj Singh Brokers said “we anticipate will be settled in like manner very shortly.”
