Help

BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

China: Insurance claims from SK Hynix factory fire may reach $900 million

Reprints

The recent fire at SK Hynix Inc.'s semiconductors factory in Wuxi, China, caused losses worth an estimated $1 billion, and insurance claims related to the losses are likely to reach $900 million, Hexun.com reported.

The estimated insurance loss from the fire – which broke out in September – includes around $600 million in equipment loss and around $200 million in losses related to business interruption. Insurers likely to be affected include China Pacific Property Insurance Co. Ltd. and The People’s Insurance Co. of China Ltd., among others.

Read more