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Massive flooding across parts of China in July caused $33 billion in economic damage

3 months ago
Sky Canaves
on, an insurance broker based in London, reported that less than 2 percent of the losses from floods in July were covered by insurance.
By Sky Canaves
Sky Canaves previously reported for The Wall Street Journal in Beijing and Hong Kong, where she covered media, culture, social issues, and legal affairs, and served as the founding editor and lead writer of the WSJ’s China Real Time site. Prior to becoming a journalist, Sky worked in the China corporate law practice of Baker & McKenzie, and she has also taught journalism and media law at the University of Hong Kong. She speaks Mandarin and has accumulated more than a decade's experience living, studying and working in China.