On July 17, a mountain suddenly collapsed near Wujiang Sanqiao in Hanjia Street, Pengshui, Chongqing, and many houses were buried. The General Administration of Financial Supervision guides the Chongqing Financial Supervisory Authority to initiate an emergency response and map out the underwriting situation. Insurance institutions have opened a green channel for claims settlement to cooperate with the local Party Committee, government and relevant departments to carry out rescue and insurance claims services. As of July 20, insurance institutions had received 21 reports, assessed losses of 19.7 million yuan, and paid 8.15 million yuan. Among them, People's Insurance, Ping An Financial Insurance, An Cheng Financial Insurance, and Dadi Financial Insurance paid a total of 7.7 million yuan in advance payments to fully support the local government in carrying out emergency response work. Furthermore, the General Financial Supervisory Authority continues to guide local financial supervisory authorities and the insurance industry to effectively enhance their sense of responsibility and do a good job in services related to flood control and disaster relief. In response to recent disasters such as heavy rainfall in many places and typhoon “Bawe,” insurance institutions have taken the initiative to carry out pre-disaster warning and rescue services to promote quick claims, full compensation, and reasonable forecasting. As of July 20, the insurance industry in 20 provinces including Guangxi, Liaoning, and Zhejiang had already lost nearly 3.5 billion yuan.

On July 17, a mountain suddenly collapsed near Wujiang Sanqiao in Hanjia Street, Pengshui, Chongqing, and many houses were buried. The General Administration of Financial Supervision guides the Chongqing Financial Supervisory Authority to initiate an emergency response and map out the underwriting situation. Insurance institutions have opened a green channel for claims settlement to cooperate with the local Party Committee, government and relevant departments to carry out rescue and insurance claims services. As of July 20, insurance institutions had received 21 reports, assessed losses of 19.7 million yuan, and paid 8.15 million yuan. Among them, People's Insurance, Ping An Financial Insurance, An Cheng Financial Insurance, and Dadi Financial Insurance paid a total of 7.7 million yuan in advance payments to fully support the local government in carrying out emergency response work. Furthermore, the General Financial Supervisory Authority continues to guide local financial supervisory authorities and the insurance industry to effectively enhance their sense of responsibility and do a good job in services related to flood control and disaster relief. In response to recent disasters such as heavy rainfall in many places and typhoon “Bawe,” insurance institutions have taken the initiative to carry out pre-disaster warning and rescue services to promote quick claims, full compensation, and reasonable forecasting. As of July 20, the insurance industry in 20 provinces including Guangxi, Liaoning, and Zhejiang had already lost nearly 3.5 billion yuan.