Insurance companies with physical plants in China's earthquake area suffered a huge loss in personnel and property, according to Risk Management Solutions, citing a China Insurance Regulatory Commission announcement.
According to incomplete statistics cited by the Newark, Calif.-based RMS modeling firm, the authority said insurers sustained 28 collapsed buildings and 392 destroyed houses within 43 branches and 209 sub-branches.
Among 250 agents of insurance companies, there were 17 fatalities, 122 employees injured and 145 agents injured.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.