HCM City Insurer Compensates Typhoon Victims

The Ho Chi Minh City Insurance Co. is seeking to compensate its central region’s customers for the damage caused by Typhoon Xangsane that hit the area this month, said deputy general director Le Van Thanh.

A house destroyed by Typhoon Xangsane in Da Nang (Photo: SGGP)

The company, whose trading name is Bao Minh, sent its officers to Da Nang City right after the typhoon to work with Bao Minh Da Nang on calculating losses, he told Sai Gon Giai Phong newspaper.

“Then, we appointed specialists from organizations such as Cunmingham, Crawford, Vinacontrol, Raco, Sico to consult about minimizing losses and assessing damage,” he said. 

Bao Minh executives have met with customers to assess damage, he added.

“We have been informed of 80 cases with losses estimated at VND70 billion. We are reviewing the documents and will pay damages as soon as possible.”

“We have paid all damages to fishing families with members killed by the typhoon. We’ll very soon advance some money to customers whose losses have been assessed provisionally such as Acecook Company, Da Nang Textile Company, Da Nang Book and School Equipment Company, A Vuong Hydropower Plant, Vietnam Airlines.”

Primary assessment put these companies’ losses at about VND5 billion (about US$312,500), he said.

In addition, the entire Bao Minh has donated VND100 million to the typhoon victims and will keep donating, he added.

By Thu Tuyet – Translated by Tuong Thuy

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