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Beijing insurance institutions receive 27,400 claims

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Insurance institutions in Beijing have received 27,400 claims related to rain-caused disasters, of which 42 percent have been settled or compensated in advance, with the total compensation reaching 380 million yuan (about 53 million U.S. dollars), authorities said Thursday.

About half of the claim numbers and the compensation amounts occurred in Fangshan and Mentougou, the districts worst hit by the rains, according to the Beijing branch of the National Financial Regulatory Administration.

As of 10 a.m. Thursday, some 17,000 vehicles have reported claims related to the disasters, and 65 percent have been settled or compensated in advance.—Xinhua

 

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