Tianjin explosions could cost insurers $1.5bn, says Fitch
Fitch Ratings in Hong Kong is estimating that losses from the deadly explosions in Tianjin on 12 August could cost insurers as much as $1.5bn (£957m).
Fitch said there is a high insurance penetration in the industrial port of Tianjin and the manmade catastrophe is likely to be one of the most costly disasters for the Chinese insurance industry for
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