The bus carried compulsory and voluntary cover with the insurers, as BMTA pledged 1.5m baht (approx. US$45,900) in preliminary compensation to each deceased's family.
Australia's High Court ruled that wreck removal claims excluded under Australia's maritime reservations cannot be capped by reclassifying them as property damage.
Following weaker bottom-line results in FY2025, the South Korean insurer posted net income growth of KRW635.2bn (US$426.1m) in the first quarter, supported by higher sales.
The payout marks Nepal’s first use of a parametric drought insurance policy, stakeholders said, with funds supporting food aid and farming tools in Bajura district.
