All the headlines from our China Topic Page, ordered by recency.
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...
Mar 12 2009 // A new study, released by the UK-based Maplecroft, has determined that “the increase in both frequency and severity of climate related disasters is increasingly impacting upon developed and emerging...
Mar 6 2009 // Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings on Atradius Credit Insurance N.V., Atradius Reinsurance Ltd., Atradius Trade Credit...
Mar 4 2009 // The UK’s Prudential Plc and Canada’s Manulife Financial Corp made preliminary offers for American International Group Inc.’s Asian unit, but Prudential’s offer fell short of what AIG wants for the...
Mar 4 2009 // A group of Florida homeowners sued German drywall maker Knauf Gips KG, its Chinese plasterboard units and several U.S. homebuilders on Monday, alleging contaminated drywall is sickening U.S. homeowners.The lawsuit said...
Mar 2 2009 // Standard & Poor’s Ratings Services has placed its ‘BBB-‘ counterparty credit rating on Max Capital Group Ltd. on CreditWatch with positive implications following the company’s announcement that...
Feb 27 2009 // The U.S. government may agree to finance the purchase of some American International Group Inc businesses and take direct stakes in others, a person familiar with the matter said Thursday.The wide range of options under...
Feb 26 2009 // Beleaguered U.S. insurance giant American International Group may allow the U.S. government to take control of certain assets should the sale of stakes in various units fail to produce attractive offers, according to a...
Feb 23 2009 // A gas explosion ripped through a coal mine in northern China on Sunday, killing at least 74 miners and trapping dozens, state media said. It was the country’s deadliest coal mine accident in more than a...
Feb 20 2009 // Taiwan’s China Life will buy most of Prudential Plc’s local insurance business, with the UK firm taking around a 10 percent stake in China Life, valued at T$2.18 billion ($64 million), the companies said.The...
Feb 5 2009 // Standard & Poor’s Ratings Services has announced various ratings actions on several subsidiaries of the American International Group.“These actions follow AIG’s decision to revise or terminate...
Jan 22 2009 // XL Insurance announced from its office in Hartford that the Company has hired eight new field engineers for its worldwide property loss prevention services business, XL Global Asset Protection Services (XL GAPS).“The...
Jan 9 2009 // “Agricultural insurance plays an important role in stimulating investment in agriculture and in stabilizing farmers’ income,” concludes a recently issued report from Swiss Re.The report, “Setting up...
Jan 9 2009 // When it comes to corporate fraud scandals, nowhere is safe.Revelations of a $1 billion fraud at Indian IT firm Satyam Computer Services do not point to a higher systemic risk of accounting scandals in India, or even in...