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Chinese insurers pay out ¥900m in flood claims

Beijing floods

Insurance companies in Beijing have paid out ¥900m ($142m) in compensation after the damage caused by the floods on 21 July, the China National Radio website reported.

The amount is said to be from official figures compiled by the China Insurance Regulatory Commission.

The heaviest rain in six decades struck Beijing on 21 July leaving 77 dead, and insurance

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