Nepal Grapples with Extensive Damage After Protests

Nepal's government is moving quickly to clear the capital's streets of charred vehicles following last week's violent protests. The unrest heavily damaged key government buildings, prompting immediate cleanup operations. Inside the Singhadurbar administrative complex, cranes are hauling away burnt vehicles, temporarily storing them in the federal parliament's premises to streamline insurance processes and damage assessment.

Preliminary surveys reveal around 700 vehicles were destroyed, including over 250 four-wheelers and 450 two-wheelers, with the Prime Minister's Office experiencing significant damage. Newly appointed interim Prime Minister Sushila Karki was forced to relocate to a secondary building due to the destruction; however, efforts are underway to repaint and restore the main building ahead of upcoming elections.

Insurance claims have surged in the protests' aftermath, reaching NRs 20.70 billion. As private sectors bear the brunt, insurers face considerable pressure with claims pouring in from major companies like the Oriental Insurance and Siddhartha Premier Insurance. The ripple effect hits government-owned Nepal Reinsurance Company, now managing mammoth liabilities as it helps confront the extensive economic consequences of the protests.