According to an announcement from Zurich Property Insurance Co., Ltd., in July 2022, a 6-year-old boy in the US mistakenly swallowed an air conditioner remote control button battery produced by a Chinese exporter, causing permanent damage to the gastrointestinal tract. The family claimed US$125.2 million. After litigation, defense and settlement negotiations, the two sides finally reached a settlement of 40 million US dollars. Zurich Financial Insurance, as the overclaims insurer, confirmed that the case was covered by the policy. On June 18, 2025, it completed a payment equivalent to RMB 1412.8 million, and the policy liability limit was exhausted. The incident sparked a buzz due to high payouts and went viral on Weibo. Overcompensation insurance starts payments after the basic insurance amount is used up. It is a common tiered insurance model in the European and American markets, which effectively helps enterprises cope with the risk of huge compensation.

According to an announcement from Zurich Property Insurance Co., Ltd., in July 2022, a 6-year-old boy in the US mistakenly swallowed an air conditioner remote control button battery produced by a Chinese exporter, causing permanent damage to the gastrointestinal tract. The family claimed US$125.2 million. After litigation, defense and settlement negotiations, the two sides finally reached a settlement of 40 million US dollars. Zurich Financial Insurance, as the overclaims insurer, confirmed that the case was covered by the policy. On June 18, 2025, it completed a payment equivalent to RMB 1412.8 million, and the policy liability limit was exhausted. The incident sparked a buzz due to high payouts and went viral on Weibo. Overcompensation insurance starts payments after the basic insurance amount is used up. It is a common tiered insurance model in the European and American markets, which effectively helps enterprises cope with the risk of huge compensation.