Insurance compensates 7,000 billion VND for damage caused by storms and floods

9,000 cases of property and vehicle damage were recorded by insurance companies after storm No. 3. Photo: Viet Anh.

The Insurance Supervision and Management Department ( Ministry of Finance ) said that as of 5:00 p.m. on September 12, through reports from insurance companies, the companies had received information on more than 9,000 cases of property and motor vehicle damage; recorded 14 deaths, 18 cases of health insurance. The total amount of money paid for damage to people and property is estimated at about 7,000 billion VND.

These are initial preliminary figures in the context of damage caused by storm No. 3 and storm circulation, so data on the number of losses and insurance compensation payments have not been comprehensively and fully recorded.

In addition, the severe impact left by storm No. 3 and floods also created difficulties and challenges for insurance companies. However, the management agency said it will continue to direct, supervise, and facilitate and accompany insurance companies to closely monitor the locality and promptly have the best support plan for organizations and individuals participating in insurance to overcome the consequences of natural disasters, quickly stabilize life, production and business in accordance with regulations and the direction of the Government and the Ministry of Finance.

Source: https://laodong.vn/kinh-doanh/bao-hiem-boi-thuong-7000-ti-dong-thiet-hai-do-bao-lu-1393471.ldo