{"id":261583,"date":"2025-07-14T13:09:14","date_gmt":"2025-07-14T07:24:14","guid":{"rendered":"https:\/\/insurancekhabar.com\/zurich-china-pays-nearly-2-75-billion-in-damages-in-us-remote-control-case-2\/"},"modified":"2025-07-14T13:09:14","modified_gmt":"2025-07-14T07:24:14","slug":"zurich-china-pays-nearly-2-75-billion-in-damages-in-us-remote-control-case-2","status":"publish","type":"post","link":"https:\/\/english.insurancekhabar.com\/zurich-china-pays-nearly-2-75-billion-in-damages-in-us-remote-control-case-2\/","title":{"rendered":"Zurich China pays nearly $2.75 billion in damages in US remote control case"},"content":{"rendered":"<p>Kathmandu. Zurich General Insurance (China) has paid about Rs 2.75 billion in damages under its commercial liability insurance policy in a case related to faulty remote control in the UNITED States. Zurich China paid $19.78 million (Rs 2.70 billion) in damages in the case. <\/p>\n<p>The case began in April 2023. In July 2022, a six-year-old boy in the United States developed stomach problems after swallowing the battery of an exported air conditioner remote. The boy&#8217;s family had filed a lawsuit against the battery manufacturer, seeking $125.2 million in damages. Zurich is the insurer of the Chinese company. <\/p>\n<p>After reviewing the case and consulting with clients and their legal team, Zurich China supported the defendant&#8217;s strategy. The two sides agreed to settle the case for $40 million to avoid the risk of a large jury verdict. <\/p>\n<p>Zurich then confirmed that the insurance claim is covered under the policy. On June 18, Zurich China paid $19.78 million to the insurance coverage limit. Now the case is closed. &#8211; Agency<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Kathmandu. Zurich General Insurance (China) has paid about Rs 2.75 billion in damages under its commercial liability insurance policy in a case related to faulty remote control in the UNITED States. Zurich China paid $19.78 million (Rs 2.70 billion) in damages in the case. The case began in April 2023. In July 2022, a six-year-old [&hellip;]<\/p>\n","protected":false},"author":16,"featured_media":261581,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[45044,45159],"tags":[],"class_list":["post-261583","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news-en","category-news-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/261583","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/users\/16"}],"replies":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/comments?post=261583"}],"version-history":[{"count":0,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/posts\/261583\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media\/261581"}],"wp:attachment":[{"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/media?parent=261583"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/categories?post=261583"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/english.insurancekhabar.com\/ikbrapi\/wp\/v2\/tags?post=261583"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}