Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Lloyd’s China Granted Direct Insurance License
May 19 2010 // “Lloyd’s China has been granted a license by the China Insurance Regulatory Commission (CIRC) to write direct insurance in addition to their existing reinsurance license,” said a bulletin on its web site...
RMS Licenses Cat Modeling Software Programs to China Re
May 11 2010 // Risk Management Solutions (RMS) announced that China Reinsurance (Group) Corporation, the largest reinsurer in Asia, will “license its catastrophe modeling software to support the expansion of China Re’s...
Somali Pirates Hijack China-bound Oil Tanker off of Yemen
May 5 2010 // Somali pirates on Wednesday hijacked the China-bound oil tanker MV Moscow University 350 miles (565 km) off the coast of Yemen with 23 Russian crew and crude oil worth $52 million on board. “The oil is Chinese. It...
Who Pays?
May 3 2010 // Things are heating up in the world of Chinese drywall. Courts are issuing opinions, a U.S. consumer products safety agency is recommending gutting homes with the product, and a consumer watchdog group is insisting that...
Who’s Going to Pay?
May 3 2010 // Things are heating up in the world of Chinese drywall. Courts are issuing opinions, a U.S. consumer products safety agency is recommending gutting homes with the product, and a consumer watchdog group is insisting that...
Insurer Wins Appeal in Lead-Contaminated Chinese Toy Case
May 3 2010 // A federal appeals court has ruled that an insurance company has no duty to defend against class action lawsuits filed in Illinois targeting the company’s insured, a Chinese manufacturer of toys sold in the United...
Declarations
May 3 2010 // No Policy Dumping “I don’t think you should be able to dump these policies because it harms your profit.” —Louisiana State Sen. Elbert Guillory, D-Opelousas, comments on a bill prohibiting insurance...
EU Climate Chief Says Financial Crisis Threatens Vital Innovation Risk
Apr 30 2010 // Innovation vital for Europe’s future is at risk, because the global financial crisis has turned once-challenging emission reduction goals into easily achievable targets, the European Union’s top climate...
Federal Judge Awards $164K in Damages in Chinese Drywall Case
Apr 29 2010 // A federal judge in Louisiana has ordered a manufacturer of faulty drywall from China to pay more than $164,000 to a Louisiana family as result of damage to their home from the wallboard. The ruling is the second time in...
Louisiana Senate Passes Ban on Insurance Cancellations Due to Drywall
Apr 28 2010 // The Louisiana Senate has passed a measure that would ban against property insurers dropping or changing coverage for homes or businesses that contain Chinese-made drywall, which has been blamed for home corrosion and...
Louisiana Bill Would Ban Insurance Cancellations Due to Chinese Drywall
Apr 23 2010 // A prohibition against insurance companies dropping coverage for homes or businesses that contain corrosive, Chinese-made drywall has advanced in the Louisiana Senate. The bill by Sen. Julie Quinn, R-Metairie, would bar...
Federal Judge Awards $2.6M in Chinese Drywall Case
Apr 19 2010 // A federal judge in New Orleans has awarded seven plaintiffs from Virginia more than $2.6 million in a consolidated case involving damage to their homes as a result of the installation of substandard drywall from China. In...
Who’s Going to Pay?
Apr 19 2010 // Things are heating up in the world of Chinese drywall. Courts are issuing opinions, a U.S. consumer products safety agency is recommending gutting homes with the product, and a consumer watchdog group is insisting that...
Who Pays?
Apr 19 2010 // Things are heating up in the world of Chinese drywall. Courts are issuing opinions, a U.S. consumer products safety agency is recommending gutting homes with the product, and a consumer watchdog group is insisting that...
Insurer Wins Appeal in Lead-Contaminated Chinese Toy Case
Apr 16 2010 // A federal appeals court has ruled that an insurance company has no duty to defend against class action lawsuits filed in Illinois targeting the company’s insured, a Chinese manufacturer of toys sold in the United...
Death Toll from Southwestern China Earthquake Now at 300
Apr 14 2010 // The death toll from an earthquake in the mountainous Tibetan plateau in southwestern China has reached about 300, with more than 8,000 injured, state television reported on Wednesday, quoting a government official.
Federal Judge in New Orleans Awards $2.6M in Chinese Drywall Case
Apr 8 2010 // A federal judge in New Orleans has awarded seven plaintiffs from Virginia more than $2.6 million in a consolidated case involving damage to the plaintiff’s homes as a result of the installation of substandard drywall...
P/C Insurers Can Handle Chinese Drywall Costs, Says Moody’s
Apr 5 2010 // Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from...
Louisiana Bills Would Ban Insurance Cancellations from Drywall
Apr 5 2010 // Two bills that would prohibit property insurance companies from canceling policies or raising rates on homeowners who make damage claims stemming from corrosive Chinese drywall were proposed in Louisiana in advance of the...
P/C Insurers Can Handle Chinese Drywall Costs, Says Moody’s
Apr 5 2010 // Property/casualty insurers are expected to continue to handle costs for defective Chinese drywall claims in the normal course of business, according to a rating analyst with Moody’s Investors Service. Losses from...
