Choi Moon-seop, CEO of NongHyup Property & Casualty Insurance, "Typhoon-Damaged Crop Accident Investigation to Be Completed Before Chuseok"

Choi Moon-seop, CEO of NH NongHyup Property & Casualty Insurance, announced on the 7th that accident investigations would be completed before Chuseok to ensure prompt insurance payments to farms damaged by Typhoon Hinnamnor, the 11th typhoon of the season. On the 6th, Choi Moon-seop (center in the photo), CEO of NongHyup Property & Casualty Insurance, visited pear orchards in the Ulsan area to discuss the situation and damage with local farmers. (Photo by NongHyup P&C)

[Asia Economy Reporter Changhwan Lee] Choi Moon-seop, CEO of NH Nonghyup Property & Casualty Insurance, announced on the 7th that he will make every effort to complete accident investigations before Chuseok so that insurance payments can be promptly made to farms damaged by Typhoon No. 11 ‘Hinnamno’.

On the 6th, CEO Choi visited pear orchards and other sites in the Ulsan area with accident investigation personnel to check the damage status, urge swift accident investigations, and console the farmers.

Nonghyup P&C Insurance dispatched preliminary investigation personnel to major expected damage areas in preparation for the typhoon and secured a total of about 6,000 investigators to prepare for emergency situations.

Accordingly, they plan to promptly complete accident investigations and prepay 50% of the estimated insurance payout to the affected farms.

In addition, to alleviate the economic burden of customers affected by this typhoon, they announced that payment of insurance premiums for policyholders and their families, as well as interest payments on insurance policy loans, will be deferred until November 30 from the application date.

CEO Choi said, “We will mobilize all available personnel to swiftly complete damage investigations,” and added, “We will do our utmost to ensure the speedy recovery of farms damaged by this typhoon and the resumption of normal farming activities.”

This content was produced with the assistance of AI translation services.