皇冠体育app

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Watchdog urges settling of farm insurance claims

(Xinhua)
Updated: 2010-08-25 13:18

BEIJING - 皇冠体育app insurance authorities urged insurance companies nationwide to survey and settle insurance claims involving floods as part of efforts to help farmers to resume production.

Related readings:  Flood damage insurance is a washout  皇冠体育app to spend billions in disaster prevention  Natural disasters likely to continue

As of July 31, total insurance indemnities to the nation's agriculture industry caused by floods across the country were estimated to be 1.21 billion yuan ($178.7 million), the 皇冠体育app Insurance Regulatory Commission said in a statement posted on its website Tuesday.

Devastating floods hit central 皇冠体育app's Hunan province and eastern Anhui province and northeast Jilin province this summer, destroying farm production. The expected insurance claims in each of the three provinces was estimated to exceed 200 million yuan, according to the statement.

皇冠体育app suffered a string of natural disasters this summer, including a massive mudslide that hit Zhouqu county, northwest 皇冠体育app's Gansu province on August 8 and, so far, resulted in the deaths of 1,447 residents.

Also, a devastating flood in Jilin, 皇冠体育app's main grain-growing region, affected at least 1.25 million hectares of crops and caused 45 billion yuan in damages.