Page 8 - ஜிம் பெவி News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Press release content from Business Wire. The AP news staff was not involved in its creation. Best’s Commentary: Henan Flood Losses Expected to Be Manageable for China Insurers July 30, 2021 GMT HONG KONG (BUSINESS WIRE) Jul 29, 2021 Although the recent severe rainfall that hit the province of Henan, China, could become the country’s largest insured loss event ever, AM Best is of the view that China’s non-life insurers will be able to manage and absorb the losses, according to a new AM Best commentary. In its Best’s Commentary, “Henan Flood Losses Expected to Be Manageable for China Insurers,” AM Best notes that the heavy insured toll can be attributed to China’s urbanization, as well as the fact that the extreme weather event hit a major city. AM Best expects motor insurance to account for the vast majority of incurred claims, given the heavy flooding in Zhengzhou city. The losses are compounded by coverage expansion from the country’s comprehensive motor r

United arab emiratesUnited statesHong kongMexico cityDistrito federalCity ofUnited kingdomNoord hollandJim peavyJames chanChristopher sharkeyChristie leeAm best rating services incChina agricultural reinsurance co ltd agro reFlood losses expectedChina insurers