Chinese port explosion leads to insurance woes

Following the blast at Tianjin Port in China, the media is reporting that more than 100 insurance claims have been made by dozens of insurance companies who have launched their contingency, says law firm Holman Fenwick Willan.

These include China Life, whose Tianjin branch has some 42 clients involved in cases, and Ping An’s subsidiary Ping An Property & Casualty which has received around 140 auto insurance claims and more than 100 property insurance claims.