Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
FEMA Nixes Aid for Florida Chinese Drywall Damage
Apr 5 2010 // Florida asked for federal assistance for thousands of homeowners with property damage caused by defective Chinese drywall but the Federal Emergency Management Agency, which typically deals with hurricanes and other natural...
153 Remain Trapped in China Mine
Mar 31 2010 // Workers reported underground water leaks days before a flood coursed through a coal mine in northern China, where 153 people remained trapped Tuesday in potentially one of the country’s worst mining disasters, a...
Louisiana Court: Policy Exclusions Can’t Be Used to Deny Drywall Claims
Mar 30 2010 // A Louisiana court has rebuffed an insurance company’s use of the pollution exclusion and two other exclusions in an “all risk” homeowners insurance policy to deny claims resulting from so-called Chinese...
P/C Insurers Can Handle Chinese Drywall Costs, Says Moody’s
Mar 26 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 Claims
Mar 26 2010 // Property insurance companies would not be allowed to cancel policies or raise rates on homeowners who make damage claims stemming from corrosive Chinese drywall, under two proposed state laws in Louisiana. Bills by state...
Agencies Outsourcing to China to Reduce Backlogs, Free Up Resources
Mar 22 2010 // Gains Made By Offering Half-Price, Off-Hours, Highly-Efficient Back Office As more insurance agencies look for new ways to improve productivity and lower expenses, more owners and managers are investigating the potential...
Louisiana’s Rep. Melancon: Chinese Drywall Poses a Fire Hazard
Mar 22 2010 // U.S. Congressman Charlie Melancon (LA-03) sent a letter to the nation’s top fire official requesting his assistance in protecting homeowners from toxic Chinese drywall. In his letter to U.S. Fire Administrator Kelvin...
FEMA Denies Aid for Florida Families with Chinese Drywall Damage
Mar 17 2010 // Last week Florida asked for federal financial assistance for thousands of homeowners with property damage caused by defective Chinese drywall. But the Federal Emergency Management Agency, which typically deals with...
Ratings Roundup: Middle East, China Taiping, LAWPRO
Mar 17 2010 // Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings on Jordan-based Middle East Insurance Company (MEICO) to ‘BBB-‘ from...
Zurich Considering New China Life Fundraising; Future P/C Growth
Mar 16 2010 // Zurich Financial Services is actively talking with sovereign wealth fund China Investment Corp and major steelmaker Baosteel on fundraising plans for their venture New China Life Insurance, a Zurich Financial executive...
China Tells United States to Do More on Climate Change
Mar 11 2010 // China told the United States on Wednesday to make stronger commitments on climate change and provide environmental expertise and financing to developing nations. China’s top climate change negotiator, Xie Zhenhua,...
Fitch Holds Conference on China’s Life, Non-Life Insurance Sectors
Mar 11 2010 // Fitch Ratings hosted a teleconference today, March 11 on the performance of China’s life and non-life insurance sectors. A replay of the conference is expected to be posted soon on the rating agency’s web site...
China and India Endorse Copenhagen Climate Change Agreement
Mar 10 2010 // China and India joined almost all other major greenhouse gas emitters on Tuesday in signing up to the climate accord struck in Copenhagen, boosting a deal strongly favored by the United States. More than 100 nations have...
Ping An Sees No Impact on China Insurance from Prudential/AIG Deal
Mar 5 2010 // Ping An Insurance, China’s No. 2 insurer, said on Friday it was not concerned about a plan by Britain’s Prudential to buy the Asia assets of U.S. insurer AIG, the market leader among foreign insurers in...
Copenhagen: Billions in Aid Seen as Key to Climate Talks Success
Feb 23 2010 // The allure of $30 billion in climate aid for poor nations holds the key to helping restore confidence in U.N. talks on fighting global warming and stopping them from unraveling. But there’s only months to figure out...
Ratings Roundup: Validus (Notes), South China
Feb 3 2010 // A.M. Best Co. has assigned a debt rating of “bbb-” to the recently issued $250 million 8.875 percent senior unsecured notes, due 2040 of Bermuda’s Validus Holdings, Ltd., and has assigned them a stable...
EU Welcomes China’s Support Against Somalia Piracy
Jan 29 2010 // China’s participation in an international naval operation to protect ships from pirates off the coast of Somalia should help improve maritime security in the Horn of Africa, an EU naval commander said Thursday. China...
U.S. Businesses Face Increasing Threats From Chinese Cyber Attacks
Jan 27 2010 // U.S. businesses and government agencies are facing increasing risks of potential cyber attacks from China, according to a recent report. And IT departments that react defensively to such attacks may not be doing enough to...
Private Insurance Market in Haiti Small
Jan 14 2010 // Haiti’s private insurance market is very small but its government did provide a level of insurance coverage to its citizens by participating in a regional risk sharing pool. “Haiti is the poorest country in the...
Louisiana AG Sues Chinese Drywall Manufacturers and Distributors
Jan 14 2010 // Louisiana Attorney General Buddy Caldwell filed suit in Orleans Parish against multiple Knauf entities, other international and domestic manufacturers, distributors, importers of alleged toxic Chinese drywall. Several...
