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Mar 2008 Chinese insurers have disbursed 165 million USD to compensate for the damage caused by the storms that have affected the country at the end of January, 2008. Apart from material and immaterial damage, snow storms have claimed the lives of 107 persons and kept millions of travellers stranded in train stations and airports. The total sums of economic losses amount to 15.5 billion USD. The supervising authority, China Insurance Regulatory Commission recommends that companies should speed up indemnification procedures.