Rescuers evacuate stranded people in the waterlogged urban area of Weihui City in Xinxiang, central China’s Henan Province, July 27, 2021. Li An | Xinhua News Agency | Getty Images Severe rainstorms and flooding in China are hurting the profits of insurance companies, and highlight the shortfalls of the country’s natural disaster insurance system. Flooding …
Continue reading “China floods, climate disasters damage insurance coverage business: S&P and Fitch”