What does PICC P&C mean?

Picc Property Insurance refers to China People's Property Insurance Company Limited.

People's Insurance Company of China (PICC P & amp； C, abbreviated as "China PICC", was established by People's Insurance Company of China with the approval of the State Council and China Insurance Regulatory Commission in July 2003, with a registered capital of 65.438+02.25598 billion yuan.

Its predecessor was China People's Insurance Company, a Fortune 500 company, which was approved by the People's Bank of China and reported to the State Council Finance and Economics Committee on120.

Extended data:

Main claims of China People's Property Insurance Co., Ltd.:

1, 1987, catastrophic fire in Daxinganling, China PICC paid1.1.80 billion yuan;

2. In the summer of1991,China suffered a severe flood and paid 2.635 billion yuan;

3.1in August 1993, a big explosion occurred in Qingshuihe warehouse in Shenzhen, and the compensation was1500,000 yuan;

4. 1994, the Dongfanghong-3 satellite was in danger during its launch, and it quickly paid 392 million yuan;

5. 1996 The launch of Zhongxing-7 satellite failed, and the compensation was 25.9 million dollars;

6. During the period of1998, some areas in China suffered the worst flood in a century, and China PICC paid 2.5 billion yuan.

7, 1999, Wenzhou 2.24 air crash, paying 66 million yuan;

8.200 1, Sichuan Changhong Group suffered serious losses in the flood on 9 19, and paid more than 800,000 yuan19;

9. In 2004, Baotou suffered an air crash 1 1.2 1, and fully paid the fuselage loss insurance of 23 million US dollars;

10, 2004 65438+February 7, 2004, China Grain Storage Oriental Company lost a shipment of soybeans in the Bering Strait, paying 65438+53 million yuan;

1 1. In 2005, 1 1.30, a landslide accident occurred in the construction project of Beijing Metro 10, and the compensation was1/10,000 yuan.

12.In August 2005, Typhoon Mai Sha hit the southeast coast, paying 55.47 million yuan.

13. In 2006, Sinosat-2 suffered a total loss, and timely paid1200,000 USD;

14 and in the summer of 2007, some provinces and regions suffered from rare floods. The People's Insurance Company of China immediately delivered the indemnity to the insured, and Shandong alone paid more than 70 million yuan.

15, at the beginning of 2008, a rare snow and ice disaster occurred in the south, and China PICC mobilized urgently, actively responded, and made every effort to settle claims for disaster relief. By the end of July 2008, China PICC had handled more than 370,000 cases of compensation for snow and ice disasters, and paid compensation of 365,438+billion yuan.

16, 2008, Wenchuan, Sichuan, 5. 12 earthquake, China People's Insurance Company launched the emergency plan at the first time, and went all out to carry out various claims services quickly, carefully and optimally. By the end of July, 2008, China People's Insurance Company had handled150,000 earthquake disaster claims, reaching 3.6 billion yuan.

Baidu encyclopedia-China People's Property Insurance Co., Ltd.