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IFFCO TOKIO News

Hit-and-run claims triple in a year
With the number of hit-and-run road accidents seeing a sharp rise last year, non-life insurance companies have seen a three-fold rise in claims settled under the Solatium Fund.  The fund saw a total outflow of Rs 95.51 lakh in April-September 2009 as against Rs 37.62 lakh in the corresponding period last year.  The fund is a common pool to which all general insurers contribute and is used