Estimated losses exceed 1.1 billion yuan as Guangdong's insurance industry collaborates to respond to rainstorm and flood disasters

From August 3 to 5, heavy rain to torrential rain caused by strong convective cloud systems swept through Dongguan, Huizhou, Zhaoqing and other areas in Guangdong, with some regions experiencing extremely heavy rainfall, and the disaster struck suddenly. In the face of severe flood conditions, under the guidance of the Guangdong Financial Regulatory Bureau, the Guangdong insurance industry quickly activated its disaster emergency response plan. As of 10 a.m. on August 8, the insurance industry in the region had received a total of 43,400 claims, with estimated losses amounting to 1.152 billion yuan, and insurance compensation payments of 28.8529 million yuan have been made