Tianjin insured claims to exceed $1.5bn: CIRC

The Tianjin branch of the Chinese insurance regulator has said
total insured losses from the 2015 Tianjin explosions are likely to
reach more than 10bn yuan ($1.5bn).
Chinese insurers had paid out 8.1bn yuan by the end of 2016,
according to Xinhua News Agency, citing data from the China
Insurance Regulatory Commission.
The agency said more than 6,000 claims were paid by the end of
last year.
The explosions occurred at a container storage site at the port
of Tianjin...