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Flood-related claims surpass $760 million

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Data from the China Banking and Insurance Regulatory Commission showed that six provinces received a total of 188,000 flood-related insurance claims worth nearly 5.3 billion Chinese yuan ($763 million) in the past month, Asia Insurance Review reported. These provinces include Hubei, Hunan, Guangxi, Jiangxi, Sichuan and Anhui, with Anhui receiving the maximum number of claims. The provinces have paid CNY 916 million in compensation so far.

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