{"id":319397,"date":"2026-10-12T07:30:51","date_gmt":"2026-10-12T01:45:51","guid":{"rendered":"https:\/\/insurancekhabar.com\/?p=319397"},"modified":"2026-10-12T07:35:05","modified_gmt":"2026-10-12T01:50:05","slug":"floods-in-budhigandaki-flood-put-more-pressure-on-non-life-insurance-companies-2","status":"publish","type":"post","link":"https:\/\/english.insurancekhabar.com\/floods-in-budhigandaki-flood-put-more-pressure-on-non-life-insurance-companies-2\/","title":{"rendered":"Floods in Budhigandaki flood put more pressure on non-life insurance companies"},"content":{"rendered":"<p>KATHMANDU: While the damage assessment work is underway to compensate for the floods in the Bhotekoshi River last month, the severe flooding in the Budhigandaki River in Gorkha district has added to the financial pressure. <\/p>\n<p>The avalanche and floods in the Bhotekoshi River in Rasuwa on August 26 have caused damage to hydropower projects, road infrastructure and private property worth billions of rupees. While the evaluation and settlement process is going on, this new disaster of the Budhigandaki River will add more financial liability to the insurance sector. <\/p>\n<p>Hydropower projects, vehicles, under-construction bridges and private and commercial buildings in the flood-affected areas of Gorkha have been significantly damaged. Among these, risk insurance related to hydropower projects, vehicles, and bridges under construction is mandatory, which is sure to put pressure on the non-life insurer. <\/p>\n<p>GORKHA: Avalanche and landslides in the Budhigandaki River in Gorkha district have caused another disaster due to the massive flood in the Bhotekoshi River in Rasuwa district. <\/p>\n<p>According to the status report of the National Disaster Risk Reduction and Management Authority (NDRRMA), the landslide occurred at around 5:30 am on October 10 between Lokpa and Chumling in Chumnubri Rural Municipality-6 of Gorkha district. <\/p>\n<p>A total of 5 people, including 2 women and 3 men, of Ungilung of Chumchet of Chumnubri Rural Municipality-6 are still out of contact due to the floods. A total of 95 people, including 9 foreign nationals, have been rescued from various remote areas affected by the floods through four helicopters of the Nepal Army. Among the government security forces, only the Nepal Army has helicopters. <\/p>\n<p>According to preliminary information, the floods with thick mud have caused major damage to the infrastructure and private property in the area along the Budhigandaki River. 2 concrete bridges, 2 suspension bridges and 1 bailey bridge have been washed away or damaged by the floods. 3 hydropower projects in the area have been damaged. <\/p>\n<p>A total of more than 43 houses in different rural municipalities have been completely or partially damaged. In addition, 5 havan kunds, 2 sheep sheds, 4 vehicles, 5 school buildings and 12 pig sheds and godowns have been damaged. Apart from this, more than 11 water projects including Bishaltar, Manpang, Majhintar, Pipaltar have been affected and damaged by the floods. <\/p>\n<ul>\n<li>\n<p><p id=\"p-rc_477b436e497f57c6-62\" data-path-to-node=\"16,0,0\"> <span data-path-to-node=\"16,0,0,0\"> TAG_OPEN_b_44 Chumnubri Rural Municipality (Ward 3): <\/b> 151 population affected and 43 families displaced{<\/span><span data-path-to-node=\"16,0,0,2\">}. <\/span> <\/p>\n<\/p>\n<\/li>\n<li>\n<p><p id=\"p-rc_477b436e497f57c6-63\" data-path-to-node=\"16,1,0\"> <span data-path-to-node=\"16,1,0,0\"> <b data-path-to-node=\"16,1,0,0\" data-index-in-node=\"0\">Dharche Rural Municipality (Wards 1, 3, 5): <\/b> 126 population affected and 39 families displaced{<\/span><span data-path-to-node=\"16,1,0,2\">}. <\/span> <\/p>\n<\/p>\n<\/li>\n<li>\n<p><p id=\"p-rc_477b436e497f57c6-64\" data-path-to-node=\"16,2,0\"> <span data-path-to-node=\"16,2,0,0\"> <b data-path-to-node=\"16,2,0,0\" data-index-in-node=\"0\">Arughat Rural Municipality (Wards 3, 5): <\/b> 130 population affected and 64 families displaced{<\/span><span data-path-to-node=\"16,2,0,2\">}. <\/span> <\/p>\n<\/p>\n<\/li>\n<li>\n<p><p id=\"p-rc_477b436e497f57c6-65\" data-path-to-node=\"16,3,0\"> <span data-path-to-node=\"16,3,0,0\"> TAG_OPEN_b_41 Tripurasundari Rural Municipality (Ward 2 &#8211; Dhading): <\/b> 239 population affected and 58 families displaced{<\/span><span data-path-to-node=\"16,3,0,2\">}. <\/span> <\/p>\n<\/p>\n<\/li>\n<\/ul>\n<p>More than 703 security personnel including Nepal Army, Nepal Police and Armed Police Force have been mobilized for rescue and relief efforts. <\/p>\n<p>The Disaster Response Command Post has started transporting relief materials, tents, foodstuffs, medicines and essential goods in the presence of the Home Minister and the Chief of the National Disaster Risk Reduction and Management Authority (NDRRMA). <\/p>\n<p>Photo source: Nepal Army<\/p>\n","protected":false},"excerpt":{"rendered":"<p>KATHMANDU: While the damage assessment work is underway to compensate for the floods in the Bhotekoshi River last month, the severe flooding in the Budhigandaki River in Gorkha district has added to the financial pressure. The avalanche and floods in the Bhotekoshi River in Rasuwa on August 26 have caused damage to hydropower projects, road [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":319395,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45031,45159,45096],"tags":[],"class_list":["post-319397","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-banner-news-en","category-news-en","category-non-lifeinsurance-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/319397","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=319397"}],"version-history":[{"count":1,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/319397\/revisions"}],"predecessor-version":[{"id":319398,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/319397\/revisions\/319398"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/319395"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=319397"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=319397"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=319397"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}