Ping An responded to Ruixing Dong’s liability claims: the maximum possible loss of 2 million US dollars

Ping An responded to Ruixing Dong’s liability claims: the maximum possible loss of 2 million US dollars
On April 9th, Sauna and Yewang learned from Ping An of China that Ruixing Coffee ‘s directors are responsible for the basic layer of insurance involving listed insurance companies, with a total insurance amount of 10 million US dollars.30% of the share, and reinsurance of 1 million US dollars, retention of 2 million US dollars (the maximum possible loss).”We have received the claims application filed by the insured and are processing it further.”China Ping An told reporters.In the Air Force, Ruixing Coffee once “exposed” financial fraud.It is reported that directors’ liability insurance is that the directors and senior managers of the insured company are held accountable for their personal compensation due to accused work negligence or misconduct during the management duties of the subsidiary company.Relevant legal expenses incurred in the defense of liability, and insurance for reimbursement of civil liability for compensation.Bank of China Securities Research reported that, because “director’s liability insurance” generally involves a breakthrough in amount, cascading cascaded cascade insurance and reinsurance reinsurance have little pressure on individual companies’ claims.Sauna, Yenet Pan Yichun Editor Yue Caizhou proofreading Li Ming