Chinese insurance institutions receive 18,400 claims for rain-induced damages

BEIJING -- Insurance institutions in China had received 18,400 claims related to rain-caused damages as of 12 pm Sunday, with the total claimed loss amounting to 619 million yuan ($86.94 million), data showed Sunday.

Relevant insurance institutions have sent nearly 10,000 personnel and more than 5,000 vehicles to the disaster-hit areas, and they have paid or prepaid a total of 105 million yuan in compensation, according to the National Financial Regulatory Administration.

Persistent rainfall has battered many parts of eastern and southern China, causing casualties and property losses.