Insurance payout after Ya'an quake may reach $23m

Updated: 2013-04-26 11:23

(chinadaily.com.cn)

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China's insurance companies are expected to pay 142 million yuan ($23 million) in compensation to the Ya'an region in Sichuan province following Saturday's earthquake, the China Insurance Regulatory Commission said.

Insurance firms have already paid 13.73 million yuan in reported cases. The number of reported appeals was 895, the commission said.