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Hainan Rubber receives multiple insurance payouts

Author: Xuda Wang Comments: 0
The Makar typhoon brought damage to Hainan Rubber’s planting business (Photo: Hainan Rubber)

After negotiating with its insurance company, Hainan Rubber has received partial rubber income insurance compensation of 30 million yuan (about £3.2 million; €3.9 million) prepaid by the other party. Hainan Rubber said actual rubber income was lower than the target income due to the super typhoon Makar in September 2024, triggering the insurance payment conditions.

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