Zurich Insurance gets damages claims following Tianjin explosions
The Chinese unit of Zurich Insurance Group is braced for a major financial hit after this week's explosions in the northeast city of Tianjin.
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Property and cargo firms in the blast-hit Chinese city of Tianjin have swiftly put in insurance claims as they attempt to recover from Wednesday night’s devastating explosion, Zurich said today.
The Chinese arm of the Swiss insurance giant is assessing the potential losses from companies in the city after two huge explosions at its industrial port area.
Car-makers including Volkswagen and Toyota are assessing the damage to cars and facilities after the blast, and France’s Renault said nearly 1500 of its imported cars stored in a warehouse at the port had been burned. Around 40% of cars imported to China pass through Tianjin.
Investigators were still picking through the wreckage today as they hunted for clues to the source of the blast. There were fears about chemicals still stored in ruined warehouses as company inventories have been destroyed.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments