PICC P&C to Pay Insurance Indemnity to Basketball Club
SHANGHAI, Nov 08, 2012 (SinoCast Daily Business Beat via COMTEX) --
The Shanghai branch of PICC Property and Casualty (PICC P&C; SEHK: 2328) yesterday revealed that it may pay huge insurance indemnities to Zhejiang Chouzhou Professional Basketball Club to compensate losses from accidental injury of players.
From 2011, the basketball club began to buy disability income insurance products for players, avoiding paying huge salaries to them once they become injured accidentally.
Source: www.cnstock.com (November 08, 2012)
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