Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
XL Receives China License
Nov 19 2009 // XL Capital Ltd. announced that it has received approval from the China Insurance Regulatory Commission (CIRC) to start preparation work to set up a P/C company in the country. Following the approval, XL has a year to...
Chubb Encourages Chinese Firms to Adopt Risk Management Practices
Nov 18 2009 // Chubb Group recently co-hosted a seminar near Shanghai, which focused on the “increasing number of Chinese exports exposed to product liability claims and litigation in the United States and Europe.” As a...
Ratings Recap: Dongbu, China Taiping, Malaysian Re
Nov 18 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A’ (Excellent) and issuer credit rating of “a” of South Korea’s Dongbu Insurance Company, Ltd., both with stable outlooks....
Bill Would Protect Insureds With Defective Drywall Complaints
Nov 18 2009 // U.S. Congressman Charlie Melancon of Louisiana has introduced federal legislation that would prevent insurance companies from cancelling or failing to renew homeowners’ policies as the result of Chinese drywall in...
IMF Head Eyes Global Currency Change; Presses China on Yuan
Nov 17 2009 // The imperative of greater global currency stability means the world can no longer rely, as it has done since the end of the gold standard, on a currency issued by a single country, the head of the IMF said on Tuesday....
Agencies Outsourcing to China to Reduce Backlogs, Free Up Resources
Nov 15 2009 // ReSource Pro Gains 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...
Chinese Drywall Link to Home, Health Woes Remains Mystery
Nov 15 2009 // Federal investigators have been unable to prove a definite link between imported Chinese drywall and home damage and health issues. But they aren’t done investigating. The Consumer Product Safety Commission said that...
Agencies Outsourcing to China to Reduce Backlogs, Free Up Resources
Nov 15 2009 // ReSource Pro Gains 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...
Chinese Drywall Link to Home, Health Woes Remains Mystery
Nov 15 2009 // Federal investigators have been unable to prove a definite link between imported Chinese drywall, and home damage and health issues. But they aren’t done investigating. The Consumer Product Safety Commission said...
$5M Chinese Drywall Program Approved by Louisiana Recovery Authority
Nov 13 2009 // The Louisiana Recovery Authority has given its final approval to creation of a $5 million program to help some homeowners rehabilitate property with Chinese drywall problems. The program will require legislative and...
Chemical BPA in Workers Linked to Sex Problems
Nov 12 2009 // Male factory workers in China who got very high doses of a chemical that’s been widely used in hard plastic bottles had high rates of sexual problems, researchers reported yesterday. Heavy exposure to BPA, or...
France’s AXA Eyes Asia Growth with Takeover Bid
Nov 9 2009 // AXA Asia Pacific rejected a $10.3 billion bid from parent AXA SA and Australian rival AMP Ltd on Monday, an initial hurdle for the French insurer’s bold ambitions to expand in Asia. AXA SA, Europe’s...
Florida’s Citizens Reconsiders, Renews House With Chinese Drywall
Nov 1 2009 // Florida’s state-backed property insurer has taken a second look at a home with corrosion from defective Chinese drywall and decided to renew its homeowners’ insurance policy on the house after all. Citizens...
U.S. Says Chinese Officials Helping with Probe of Tainted Drywall
Nov 1 2009 // China is helping American officials investigate reports of contaminated Chinese drywall after thousands of American homeowners complained the building material made them sick or damaged their houses, a top U.S. safety...
Research Can’t Yet Explain Link of Chinese Drywall to Home, Health Woes
Oct 30 2009 // Federal investigators have been unable to prove a definite link between imported Chinese drywall and home damage and health issues. But they aren’t done investigating. The Consumer Product Safety Commission said that...
U.S. Says Chinese Officials Helping with Probe of Tainted Drywall
Oct 27 2009 // China is helping American officials investigate reports of contaminated Chinese drywall after thousands of American homeowners complained the building material made them sick or damaged their houses, a top U.S. safety...
Florida’s Citizens Reconsiders, Renews House With Chinese Drywall
Oct 23 2009 // Florida’s state-backed property insurer has taken a second look at a home with corrosion from defective Chinese drywall and decided to renew its homeowners’ insurance policy on the house after all. Citizens...
Insurers Backing Away from Homes with Chinese Drywall
Oct 16 2009 // James and Maria Ivory’s dreams of a relaxing retirement on Florida’s Gulf Coast were put on hold when they discovered their new home had been built with Chinese drywall that emits sulfuric fumes and corrodes...
Virginia Officials Tour Homes Built with Chinese Drywall
Oct 15 2009 // Three Virginia lawmakers are asking lenders to help homeowners whose homes were built with suspect drywall imported from China. U.S. Sen. Mark Warner and Congressmen Bobby Scott and Glenn Nye Reps issued their appeal...
AIG Sells Taiwan Life Insurance Unit for $2.15 Billion
Oct 13 2009 // American International Group is to sell its Taiwan life insurance unit for $2.15 billion, marking the largest disposal since a U.S. government bailout saved the insurer from collapse last year. The sale of Nan Shan Life on...
