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Taiwan: Insurers urged to expedite payouts to blast-affected businesses

August 5, 2014 - 6:00am


Taiwan's Financial Supervisory Commission has instructed insurers to expedite payouts to all businesses and individuals affected by the recent gas explosions in Kaohsiung's Cianjhen District, The China Post reported.

The regulator has also instructed insurance associations to set up task forces to monitor the incident closely, and to take an active role in evaluating the extent of property damages to buildings.

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