All the headlines from our China Topic Page, ordered by recency.
Jun 15 2009 // There is a lot at stake for all parties because the damages on a per house basis are likely to be astronomical.General liability carriers specializing in contractor insurance for builders and drywall subcontractors (subs)...
Jun 15 2009 // General liability carriers specializing in contractor insurance for builders and drywall subcontractors (subs) are “sweating it out” over the potentially massive claims dollars that could be paid out in...
Jun 8 2009 // Risk Management Solutions has completed a new quantitative analysis, which “reveals that a micro-insurance system could be both technically and commercially viable to provide cover against catastrophic earthquake...
Jun 5 2009 // Standard & Poor’s Rating Services said today that it affirmed its ‘A-‘ counterparty credit and financial strength ratings on Netherlands-based commercial lines insurer Fortis Corporate Insurance N.V....
Jun 2 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa” of Allianz S.p.A. (Italy), both with stable outlooks. The ratings reflect the...
Jun 1 2009 // CNinsure Inc., China’s largest independent insurance intermediary, announced the “signing of definitive agreements to acquire 100 percent equity interest in Shenzhen Hongzhengda Insurance Surveyors & Loss...
May 20 2009 // The European Union and China hope to relaunch their political and economic relations at a summit on Wednesday and create a “new global order” to combat the financial crisis, dwindling world trade and climate...
May 18 2009 // American International Group said it would accelerate plans to separate its Asian subsidiary through an initial public offering as the bailed-out U.S. insurer seeks to raise cash and list the unit as soon as possible.The...
May 12 2009 // The new H1N1 virus shows no signs of sustained person-to-person spread outside of North America and so has not yet tipped over into a pandemic, a top World Health Organization official said Monday.Dr. Keiji Fukuda, acting...
May 4 2009 // Five Hampton Roads homeowners are seeking more than $5 million in a lawsuit filed against a local developer, a distributor and a Chinese drywall manufacturer.The homeowners claim the companies were negligent for selling...
Apr 28 2009 // German insurer Allianz and U.S. credit card group American Express raised a combined $1.9 billion on Tuesday through the sale of shares in Chinese banking giant Industrial and Commercial Bank of China (ICBC).The move was...
Apr 27 2009 // Taiwan and China signed a series of landmark agreements on Sunday laying the groundwork for a flood of investment in financial services to flow across the Taiwan Strait for the first time in six decades.The agreements are...
Apr 20 2009 // Chinese seismological authorities say a moderate earthquake registering a magnitude of 5.5 Sunday struck China’s far western Xinjiang region. No injuries were immediately reported. An official from the Xinjiang...
Apr 20 2009 // U.S. Sens. Bill Nelson, D.-Fla., and Mary Landrieu, D.-La., have filed federal legislation for a recall and immediate ban on tainted building products from China, as people around the country are reporting problems in...
Apr 20 2009 // A Devastating Experience“Losing everything is an unimaginable and devastating experience. … Oklahoma’s professional agents and adjusters are poised to respond.” —Oklahoma Insurance Commissioner...
Apr 10 2009 // Trade credit insurer Coface notes that the current “credit crisis, which entered its second phase in the fourth quarter of 2008, is worsening in all regions. After observing a decline in the average financial...
Apr 10 2009 // U.S. Sens. Bill Nelson, D.-Fla., and Mary Landrieu, D.-La., have filed legislation for a recall and immediate ban on tainted building products from China, as more and more people around the country are reporting problems...
Mar 20 2009 // Standard & Poor’s Ratings Services said that its ratings on Bermuda-based Everest Re Group Ltd. and its U.S.-based intermediary holding company, Everest Reinsurance Holdings Inc. (both rated ‘BBB+’...
Mar 18 2009 // Swiss Re has just released its latest sigma study, which details the toll of disasters that made 2008 “one of the worst years for catastrophe losses” according to the report.More than 240,500 people lost their...
Mar 18 2009 // U.S. insurer State Farm said on Tuesday that more than 800,000 teddy bears given out in North America as part of a company promotion were being recalled because of a choking hazard.The toys, called the “State Farm...