Chinese Province Launches Insurance for Businesses Hit by Coronavirus

Asian engineer using a laptop in a factory.

China’s southern province of Hainan has launched the first specially designed insurance product to cover losses incurred by businesses as a result of the coronavirus outbreak in the country, the banking and insurance regulator said. The scheme has set aside 200 million yuan ($28.7 million) to cover payouts, according to a notice released by the… Continue reading Chinese Province Launches Insurance for Businesses Hit by Coronavirus