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12:55 pm: China bans insurers from offering virus-specific products
China’s deputy chair of the banking and insurance regulator, Liang Tao, said Saturday at a press conference that there are already more than 400 insurance products that can cover risks related to the new coronavirus pneumonia.
“Due to the lack of pricing data, and for the protection against violation of consumer rights, the China Banking and Insurance Regulatory Commission prohibits companies from issuing such single-liability products,” Liang said, according to a CNBC translation of his Mandarin-language remarks.
12:30 pm: 25,633 medical workers sent to Hubei so far
A total of 217 medical teams comprised of 25,633 healthcare workers have been sent to the virus-hit Hubei province as of Feb. 14, according to the People’s Daily citing China’s National Health Commission. The majority of them are in Wuhan.
On Friday, China said that