Luckin Coffee, which was once caught in a 2.2 billion yuan financial fraud case and later restructured and turned the tide, has finally seen new developments in its purchase of huge director liability insurance after 4 years. According to reports, Luckin Coffee purchased a director liability insurance with a total limit of 25 million US dollars before going public, of which the basic layer policy has a guaranteed amount of 10 million US dollars, jointly guaranteed by 8 Chinese insurance companies. Due to the complex circumstances, how to make claims on this director liability insurance has always been the focus of the market. Finally, the basic layer policy has entered the arbitration stage, and a ruling has been made. The ruling result is that the co-insured body will pay 7 million US dollars, with a deductible of 3 million US dollars. The reporter asked Luckin Coffee and the main underwriting company Ping An Property Insurance whether they have received the relevant arbitration, whether they agree with the arbitration results, and the progress of claims settlement. Ping An Property Insurance replied that the company has completed the relevant claims settlement matters in accordance with the insurance contract and co-insurance agreement. (Securities Times)