Insurance losses in Beijing storm climb to 900 mln yuan

Insured losses resulting from a severe rainstorm that hit Beijing on July 21 have climbed to about 900 million yuan (141 million U.S. dollars), the city's insurance regulatory commission said Monday.

Losses reported by the end of Saturday included 370 million yuan for 41,000 auto insurance claims and 440 million yuan in asset insurance claims, the commission said.

Compensation payments for personal insurance cases are expected to reach 4.49 million yuan, the commission said.

The storm, one of the heaviest in decades, killed at least 77 people in Beijing, according to the municipal government.