BIDV Insurance Corporation (BIC) is expediting various solutions to support customers in the aftermath of the devastating Super Typhoon Yagi.
As of 09:00 on September 10, 2024, through its nationwide branches and Hotline 1900 9456, BIC has recorded nearly 500 loss reports. These include 16 marine insurance claims, over 250 technical property insurance claims, and more than 180 motor vehicle insurance claims. The estimated total compensation amounts to nearly VND 200 billion. BIC is continuously updating the damage data.
PTI’s loss adjusters on-site to support customers affected by Typhoon Yagi
In response to the typhoon’s aftermath, BIC promptly deployed additional loss adjusters and compensators from its head office and nearby areas to the severely affected provinces and cities. They are collaborating with independent loss adjusters to assist customers in loss assessment and adjustment. BIC’s Hotline 1900 9456 has also been reinforced with additional staff, ready to provide 24/7 support to customers, receiving loss notifications, and guiding customers through the necessary procedures to receive insurance payouts.
Prior to the typhoon’s landfall, BIC proactively sent advisory messages to customers via Zalo OA and other media platforms, providing instructions on safeguarding lives, health, and property to minimize potential losses.
Insurance companies estimate payouts of thousands of billions of VND due to Super Typhoon Yagi. Illustrative image.
On September 6 and 7, 2024, the historic Typhoon Yagi struck Northern Vietnam with the strongest winds globally recorded in 2024. It rapidly intensified from a tropical storm to a category 5 super typhoon within 8 hours, the fastest intensification ever recorded for a typhoon in Vietnam. Yagi also lingered over land for an extended period, causing unprecedented damage. The storm’s slow movement resulted in prolonged heavy rainfall and severe flooding in multiple northern provinces. Areas like Thai Nguyen, Lai Chau, Yen Bai, and Lao Cai are under “purple alert,” indicating a very high risk of flash floods and landslides, severely impacting the lives and economic activities of the local population.
BIC expresses its deep empathy for the significant losses incurred by its customers and the public due to Typhoon Yagi. The company pledges to concentrate all its resources on supporting and standing with its customers to swiftly overcome the post-typhoon challenges. BIC assures its readiness to disburse compensation as soon as the necessary documentation is complete.
“Devastating Storm Yagi Leaves Businesses in Industrial Parks in Ruins”
Although Typhoon Yagi caused extensive property damage, representatives from several industrial zones in Hai Phong confirmed that there were no casualties.
Petrovietnam Extends Support to Fellow Citizens Affected by Storm Yagi
On September 10, in Hanoi, the Vietnam National Oil and Gas Group (Petrovietnam) launched a donation drive to support the people of the localities affected by the recent Storm No. 3 (Yagi). The drive aims to assist in relief efforts and help the community recover from the storm’s aftermath.
The Soaring Rivers: When Prolonged Rain Meets the Provinces of Thanh Hóa and Ninh Bình
After the third storm, heavy rain continued to batter the provinces of Thanh Hoa and Ninh Binh, causing water levels in the region’s major rivers to rise. The authorities are actively monitoring the situation and have issued flood warnings and preparedness measures to tackle the potential flooding.
The Northern Central Provinces Stand with the People in Storm and Flood-affected Areas
“The spirit of compassion and mutual support has been a long-standing tradition in the North Central provinces of Vietnam. Once again, the region has come together to extend a helping hand to those affected by the devastating storms and floods, embodying the essence of sharing and caring in times of need.”
The Great Storm’s Toll: Insurer to Pay Out $650,000 to Families of Five Who Lost Their Lives; A Guide to Navigating Insurance Claims for Survivors.
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