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China: Insured losses from rainstorm in Guangdong totals $29.8 million

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The recent rainstorm that hit the Guangdong province in China has resulted in insured losses worth 186 million Chinese yuan ($29.8 million), Guangdong's regional insurance regulator has said.

The amount related to agriculture insurance is around CNY 23.5 million ($3.8 million), while the amount related to property insurance totals CNY 130 million ($20.8 million), reports

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