The full extent of the damage caused by Typhoon YAGI remains unknown as of yet, but the situation appears dire. Over the past two days, images have surfaced of entire districts and communes inundated by floodwaters, with thousands of people and their belongings submerged in the central highland provinces. Landslides have also caused casualties, indicating that the storm’s devastation continues to unfold.
Even before the typhoon made landfall, PJICO Insurance had proactively directed its local units to guide customers in safeguarding their assets and personnel. The company also assigned officers to be on standby, providing timely assistance to affected customers. Despite these efforts, the storm’s ferocity resulted in significant losses. As of September 10, 2024, PJICO Insurance has received reports of over 500 incidents related to motor, property, and marine insurance, with estimated losses amounting to hundreds of billions of dong. The situation in deeply flooded areas like Thai Nguyen, Yen Bai, Lao Cai, and Tuyen Quang remains unquantified.
In the face of these immense losses, PJICO’s leadership expressed their empathy: “We extend our deepest sympathies to our customers, partners, and fellow citizens in the affected areas who have suffered losses and casualties due to this historic typhoon. As a leading insurance company guided by a spirit of compassionate service and backed by strong financial capabilities, we have, are, and always will stand by our customers, partners, and the affected community. PJICO pledges to commit all necessary resources to expedite the handling of typhoon-related claims.”
Mr. Tran Anh Tuan, PJICO’s Deputy General Director, visits a site damaged by the typhoon
Regarding motor insurance in flooded areas, PJICO has arranged for additional garages from neighboring regions to promptly rescue stranded vehicles. This ensures that customers receive swift and dedicated service in handling their claims. To maximize benefits for property, technical, cargo, and hull insurance customers, PJICO is collaborating with specialized surveyors to devise remedial measures, advance compensation, and expedite final settlements. In the realm of health insurance, PJICO has promptly visited affected families, offering condolences and immediate compensation.
PJICO’s delegation, led by Deputy General Director Mr. Tran Anh Tuan, visits and encourages customers affected by the third storm
Beyond expediting surveys and compensation, PJICO’s Trade Union and Youth Union are planning social security activities in remote and isolated areas to support the community’s recovery. These initiatives embody the spirit of solidarity and compassion that characterizes Vietnam during times of adversity.
For three decades, PJICO Insurance has maintained its position as a leading non-life insurance company in Vietnam. AM Best, a renowned international credit rating organization, has consistently assigned PJICO a financial strength rating of B++ and a credit rating of “aaa.vn,” the highest in Vietnam, attesting to the company’s robust financial health.
Notably, PJICO’s large loss reserve fund has ranked at the top of the Vietnamese market for several years. This fund ensures PJICO’s ability to honor its commitments and promptly compensate for significant losses, whether to people or property, for its insured customers.
The Sparkling 30-Year Journey of DOJI
With a superior gene, DOJI has consistently demonstrated its prowess across diverse industries, be it jewelry and precious metals, finance and banking, or real estate. The key to their success lies in their long-term vision and pioneering steps, always executed with a unique blend of scientific methods, creativity, and artistic flair. Their achievements speak for themselves, leaving an indelible mark of excellence.
The Birth of a City: Proposing the Establishment of Hue as a Centrally Governed Municipality
The Politburo has discussed and essentially agreed on the proposal to establish Hue as a centrally-controlled municipality. The proposal will be presented to the 10th Conference of the Central Committee of the Party for their opinion, in accordance with the regulations.
The Storm’s Financial Fallout: Insurers Estimate Payouts of 7 Trillion VND by September 12th.
As of 5 p.m. on September 12th, insurance companies had received reports of over 9,000 property and motor vehicle damage claims. A total of 14 fatalities were recorded, along with 18 health insurance cases.
The Water Levels in Northern Reservoirs Are Decreasing; Hydropower Plants Reduce Flood Discharge Significantly
On the morning of September 13, the Ministry of Industry and Trade announced that water levels in the northern hydroelectric reservoirs were gradually decreasing. Speaking to Tien Phong Newspaper, representatives of hydropower companies confirmed that they had significantly reduced the discharge volume over the past 24 hours.
Essential Supplies in Thai Nguyen Remain Ample, but Meat and Vegetable Prices Surge
In the city of Thai Nguyen, while there has been an increase in the prices of vegetables and pork, essential items such as water and instant noodles have remained stable. In fact, some merchants have gone a step further and reduced prices by 50% or even provided these items free of charge to groups purchasing supplies for flood-affected areas.
