On Jun 28 of 2013, PICC (THE PEOPLE’S INSURANCE COMPANY(GROUP) OF CHINA), the largest insurance company in China, signed an agreement with FuCare underwriting the global product liability insurance for FuCare. The total insurance amount is US$1,600,000. It took weeks for PICC to evaluate this deal as FuCare is a safety company.
FuCare specializes in developing safety product solutions for HVAC industry. With the PLI added, FuCare is able to deliver a total safety solution rather than only good products.
