Hua Xia Shi Bao·2025-07-30 18:22Core Insights - The insurance industry has mobilized an unprecedented response to the severe flooding caused by rare heavy rainfall in North China, particularly in Beijing's northern districts [2][4] - The rapid response included the deployment of over 1,500 claims adjusters and 1,329 rescue vehicles to affected areas, demonstrating the industry's commitment to providing timely financial assistance [2][3] Insurance Response - Major insurance companies, including China Pacific Insurance, People's Insurance Company of China, and China Life Insurance, activated emergency mechanisms to expedite claims processing and provide immediate support to affected individuals [2][3] - The "three exemptions and four quicks" mechanism was implemented, allowing for expedited claims without on-site inspections or weather proof, significantly reducing the time from claim reporting to payment [3] Vehicle Insurance Coverage - The comprehensive reform of vehicle insurance has expanded coverage to include damages from natural disasters, such as flooding, under the vehicle damage insurance policy [5] - However, vehicle owners are warned against restarting engines after water exposure, as this could void their claims [6][7] Home Insurance Insights - Home insurance claims surged during the flooding, with a notable increase in reports related to property damage, highlighting the importance of home insurance in disaster risk management [8][9] - Despite the increased claims, the penetration of agricultural insurance remains low, indicating a gap in coverage for agricultural producers affected by the flooding [9] Industry Challenges - The disparity in claims data reveals a need for improved awareness and penetration of home and agricultural insurance products among the public [9][10] - The insurance industry's response to the flooding has been effective, but it also underscores the necessity for families and agricultural operators to proactively manage their risk through adequate insurance coverage [10]