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Less than a week after a disastrous fire on Regent Street which gutted four buildings, an insurance settlement has been reached for damage to the City Mall.A statement from Raj Singh Insurance Brokers did not immediately give details as to the amount of settlement, but said that City Mall and Assuria General Inc. yesterday managed to settle the claim.City Mall, which is located at the corner of Regent and Camp Streets, sustained damage to the eastern walls of the building, following the early morning fire last week Tuesday.“It is always the hope that no one has to be faced with this type of disaster no matter how great or small, the broker said yesterday in its release.“Both the client and the brokers are extremely pleased at the swiftness and efficiency that the Insurer executed the settlement of this claim and trust that this should be the benchmark for which valid claims are settled that do not have any complications.”According to the statement, Assuria, through Raj Singh Insurance Brokers and Risk Management Consultants Inc., has officially paid its maximum portion of the claim.The fire last week left millions of dollars in damage and losses and one businessman dead.Ramdat Sheoprasad,Authentic NBA Store, 64, owner of Indra’s Fashion which was also destroyed, collapsed upon seeing the fire and was pronounced dead minutes later at a city hospital.Firemen were able to rescue four Chinese nationals who were trapped in one of the burning buildings. They sustained minor bruises and burns about their bodies.The inferno began around 05:15 hrs and investigations have revealed that the blaze started aback of one of the buildings where the Chinese were living and working.Among the businesses destroyed were Boyo’s Fashion, Indra’s Fashion, Lucky Dollar and several other clothing stores owned by Chinese nationals.
