Society

Ministry of Finance urges swift insurance compensation after Typhoon Yagi

The Ministry of Finance’s Insurance Supervisory Authority has called on insurance companies to expedite compensation payments to those affected by typhoon Yagi.

A tree fell onto a car due to the impact of Typhoon Yagi in Hanoi (Photo: VNA)
A tree fell onto a car due to the impact of Typhoon Yagi in Hanoi (Photo: VNA)

Hanoi (VNS/VNA) - The Ministry of Finance’s Insurance Supervisory Authority has called on insurance companies to expedite compensation payments to those affected by typhoon Yagi.

In an official dispatch on September 9, the department urged insurers to coordinate damage assessments and ensure timely and full compensation in line with contractual agreements and legal regulations.

Insurance companies have been instructed to advance compensation, resolve claims and report on the status of settlements by 12 September 2024. The department also requested the Vietnam Insurance Association to coordinate with insurers to provide humanitarian support where appropriate.

In response to the disaster, several insurers have already sent staff to affected areas to assess the damage and initiate compensation for policyholders. These companies are collaborating with local authorities and organisations to offer assistance to impacted communities.

Typhoon Yagi has caused extensive destruction, including damage to nearly 7,400 homes, widespread power outages and damage to infrastructure such as power lines, buildings and schools. Significant losses were reported in agriculture, with almost 98,000 hectares of rice and over 11,700 hectares of crops affected. The storm also damaged aquaculture, particularly in Quang Ninh, where 1,100 fish cages were destroyed.

As of September 9, the storm had claimed at least 59 lives or left individuals missing, according to the Ministry of Agriculture and Rural Development’s Department of Dike Management and Disaster Prevention./.

VNA
#Ministry of Finance’s #humanitarian support #Typhoon Yagi #damage
Follow VietnamPlus

Climate change

Related News

Supporting people during floods caused by Typhoon Yagi in Lang Son province (Photo: VNA)

Nearly 60 reported dead, missing due to Typhoon Yagi

A total of 59 people had been reported dead and missing due to prolonged heavy rains and floods caused by Typhoon Yagi in northern localities as of 11:30 a.m on September 9, Deputy Minister of Agriculture and Rural Development Nguyen Hoang Hiep reported the same day.

See more

The hybrid seminar, titled “Viet tiep ban hung ca” (Continuing to write the heroic epic), is an activity to mark the 50th anniversary of the Liberation of the South and National Reunification (April 30, 1975-2025). (Photo: VNA)

Vietnam News Agency reporters continue to write “heroic epic”

The history of revolutionary journalism in Vietnam has recorded the profound imprint of the Vietnam News Agency (VNA) as a strategic, reliable information agency of the Party and State throughout the great resistance wars. During the years of arduous warfare, with patriotism, courage, and unwavering will, its reporters were present on all battlefields, vividly reflecting on the heroic struggle of the Vietnamese army and people for national independence, freedom, and reunification, said VNA General Director Vu Viet Trang.

People take a photo during the celebration of National Reunification Day. (Photo: VNA)

PM orders intensified efforts to ensure security, order during upcoming holiday

In his newly-signed dispatch, the PM stressed that a wide range of important activities in celebration of this anniversary will be held across the nation, drawing the participation of foreign delegations and forces. At the same time, the Party and State are implementing reforms and restructuring the organisational apparatus, and building a two-level local administration model.

Reporter Le Nam Thang of the Liberation News Agency (second from left) (Photo: VNA)

50 years of national reunification: Moving stories from VNA journalists in frontline

Recalling the heroic days of the country 50 years ago, journalist Ngoc Bich, former reporter and editor of the southern news bureau under the VNA’s Domestic News Department said she has been proud to have lived and witnessed the brilliant days when the Vietnamese troops and people defeated the most powerful imperialist in the world.

People visit the Vietnamese booth at the charity fair in Tokyo on April 23. (Photo: VNA)

Vietnam's traditional products promoted at charity fair in Japan

As an active member of the Asia-Pacific Ladies Friendship Society (ALFS), the women’s union of the Vietnamese Embassy has participated in the fair for years, contributing to charity work and helping disadvantaged students in remote areas of Vietnam with the funds raised.

At the conference (Photo: VNA)

Lai Chau accelerates substandard house elimination by late June

According to the steering committee’s report, a total of 7,064 local households require support, comprising 5,831 in need of new construction and 1,233 repairs, with an estimated total cost of nearly 387 billion VND (approximately 14.9 million USD).

Vietnam’s resistance war against the US for national salvation is brought to life through emotive artworks at the exhibition “Vietnam, Victory! in Cuba. (Photo: VNA)

Cuban artist’s paintings portray Vietnam’s victory

Vietnam’s resistance war against the US for national salvation was brought to life through emotive artworks at the exhibition “Vietnam, Victory!”, which opened at Galería Tomy in Havana, Cuba on April 21.

Nghiem Sy Thai, the former war reporter of the Liberation Press Agency, reads his diary. (Photo: VNA)

Long-lost diary returned to war reporter

The war keepsakes not only hold historical value but also serve as evidence for post-war Vietnam-US friendship. They also embody compassion and hope for a closer future relationship between the two nations.

Indian security officers are deployed to the scene (Photo: ANI)

No Vietnamese casualties in India terrorist attack: embassy

The Vietnamese Embassy in India has confirmed that there are no Vietnamese casualties in a deadly terrorist attack that occurred in the Baisaran valley of Pahalgam, Jammu and Kashmir (J&K) territory in northern India on April 22 (local time).

Special trains, SE1 from Hanoi Station and SE4 from Sai Gon Station, named “Thong Nhat” (Reunification) will depart simultaneously in the evening of April 29. (Photo: VNR)

Vietnam Railways adds trains for upcoming holidays

As part of celebrations for the 50th anniversary of the liberation of the South and national reunification, a special pair of trains, SE1 from Hanoi Station and SE4 from Sai Gon Station, named “Thong Nhat” (Reunification) will depart simultaneously in the evening of April 29. The two trains are scheduled to meet in Da Nang Station at noon on April 30.

Deputy head of the Party Central Committee’s Commission for Information and Education, and Mass Mobilisation Vu Thanh Mai (right) and UNICEF in Vietnam Representative Silvia Danailov. (Photo: VNA)

Party agency, UNICEF promote cooperation in child care, protection

Deputy head of the Party Central Committee’s Commission for Information and Education, and Mass Mobilisation Vu Thanh Mai highly valued the cooperation between the commission and the UNICEF in Vietnam in child care, education and protection during his working session in Hanoi on April 22 with a delegation of the UNICEF in Vietnam led by its Representative Silvia Danailov.