As of 9:00 AM on May 22, heavy rainfall and flooding occurred in Hubei, Hunan, Guizhou, and Guangxi, with insurance companies receiving over 20k claims, estimated damages of 510 million yuan, and payouts of 120 million yuan. The regulatory authority issued a notice requiring all insurance companies to open green channels, simplify claims procedures, optimize processes, ensure quick payouts, pay all valid claims, and provide reasonable pre-claims; proactively offer services based on the disaster situation, closely monitor the progress of claims and pre-claims, respond to demands in a timely manner, and improve the quality and efficiency of claims settlement.

K-LinePoet

2026-05-25 10:42:24

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Reporters have learned from the State Financial Supervision and Administration Bureau that as of 9 a.m. on May 22, regarding the heavy rainfall and flooding disasters in Hubei, Hunan, Guizhou, and Guangxi, insurance companies have received over 20k claims, with an estimated loss of 510 million yuan. Insurance institutions have quickly opened fast claim channels and have paid out 120 million yuan. It is understood that the Financial Supervision and Administration Bureau recently issued a notice on "Effective Response to Flood Season Disasters and Insurance Claim Service Work," requiring all insurance companies to open green channels, simplify claim procedures, optimize claim processes, and ensure quick claims, full claims, and reasonable pre-claims; proactively serve based on the actual situation of affected areas; closely monitor the progress of insurance payouts and pre-payments, respond promptly to customer demands, and further improve the quality and efficiency of insurance claims. (Xinhua News Agency)

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The insurance industry has paid 120 million yuan in claims for heavy rainfall and flooding disasters in Hubei and three other regions.

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