PICC on hook for US$530m from Typhoon Doksuri with reinsurance deductibles at US$150m

September 1 2023 by

China’s PICC P&C has received Rmb3.86 billion (US$510 million) of claims from powerful Typhoon Doksuri (known as Super Typhoon Egay in the Philippines), with reinsurers estimated to pay out around...

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