Misr Insurance Denies It Rejects Compensating Toshiba El Araby For Fire Damages

Misr Insurance Company negated what was published that it rejected paying compensations to Toshiba El Araby for fire damages that happened last month.

Misr Insurance is studied offering part of the compensation immediately as agreed with the reinsurers, said Ahmed Moustafa, head of foreign relations and market studies department at Misr Insurance.

Inspection will determine the value of compensation, Moustafa noted, adding that Toshiba holds an all-risk insurance policy. It is worth mentioning that there was a blaze at one of Toshiba El Araby’s factories in Qwesna last April.