Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
With Its Food Repuation Battered, China Showcases 3 Model Exporters
Oct 3 2007 // First comes the “wind shower.” Wearing overalls and rubber boots, employees at Fusheng Food Co. in Qingdao stand in a narrow room as air jets in the walls blow away any dust on them. They wade through...
China’s Product Quality Chief Urges Grass Roots Level Improvements
Oct 3 2007 // Officials must try harder to resolve China’s product safety problems, especially at lower levels that oversee manufacturing, the chief of a special panel in China says. In a meeting to evaluate the progress of a...
Chinese imports and product liability coverage
Sep 24 2007 // Recalled toys sit in the foreground as Sen. Richard Durbin, D-Ill., calls on a witness during the Senate Appropriations subcommittee hearing on Capitol Hill in Washington, Wednesday, Sept. 12, 2007, to discuss toy safety...
Chinese imports and product liability coverage
Sep 24 2007 // Wave of recalls pushes broker, insurer roles in product safety, recall planning into limelight Product manufacturers are constantly looking for ways to stay competitive in a global marketplace and sourcing products and...
Business Moves
Sep 24 2007 // HRH, Bank of America Insurance broker Hilb Rogal & Hobbs Co. has agreed to purchase Banc of America Corporate Insurance Agency, L.L.C., a segment of Bank of America, N.A., and a middle market insurance intermediary in...
Wipha Misses Shanghai; RMS Predicts Some Damage
Sep 19 2007 // Shanghai, China’s financial hub, has been spared the full impact of Typhoon Wipha, as the storm’s center passed around 60 miles (100 kms) to the west of the densely populated area. Wipha weakened substantially...
Lloyd’s MGA Joins China Platform
Sep 17 2007 // S.A. Meacock and Co. is the most recent Managing General Agent to join Lloyd’s rapidly-growing China platform, bringing the total to 11. Ian Faragher, Managing Director of Lloyd’s China Re, observed that the...
US, China Agree to Improve Information-Sharing on Auto Safety
Sep 14 2007 // The U.S. government has agreed with China to improve information-sharing on auto safety in the aftermath of a recall of thousands of defective Chinese-made tires over the last several months. The “memorandum of...
Mattel Pledges Quick Warnings to Regulators on Hazardous Toys
Sep 14 2007 // Mattel Inc. CEO Robert Eckert pledged Wednesday to work to improve toy safety, and insisted that the company acted responsibly in recalling millions of Chinese-made toys because they contained lead paint or small...
Zurich Unveils China Broker Initiative
Sep 4 2007 // Zurich Financial Services Group announced the implementation of “an innovative distribution strategy for the rapidly growing Chinese insurance market.” The giant Swiss insurer has renamed Best Harmonious...
Wal-Mart: Tests Show Traces of Melamine in Dog Treats
Aug 23 2007 // Tests of two Chinese brands of dog treats sold at Wal-Mart stores found traces of melamine, a chemical agent that led to another massive pet food recall in March, a spokeswoman said Aug. 21. Wal-Mart quietly stopped...
Aon: China Must Boost Quality Control to Win Over Product Recall Insurers
Aug 16 2007 // Despite recent product recalls, brokers and insurers are rising to the challenge of insuring the Chinese manufacturing industry for recalls, according to a leading insurance broker and risk management consultant. However,...
Mattel Could Announce Second Recall of Chinese-Made Toys
Aug 15 2007 // Less than two weeks after Mattel Inc. recalled 1.5 million Chinese-made toys because of lead paint, the toy industry is bracing for another blow that could give parents more reason to rethink their purchases just before...
Ind. Supplier Recalls Tainted Toothpaste
Aug 14 2007 // A leading supplier of toiletries for hotels and resorts said Monday it was recalling worldwide complimentary tubes of toothpaste made in China after tests showed some may contain a potentially toxic chemical. It was the...
Gore: Polluters Finance Research to Cast Doubt on Global Warming
Aug 10 2007 // Former Vice President Al Gore said this week that some of the world’s largest energy companies, including Exxon Mobil Corp., are funding research aimed at disputing the scientific consensus on global warming as part...
Ratings Recap: Scottish Re, Macau Ins., AEGON, Generali (Austria), Allianz (debt), Sinosure
Aug 10 2007 // Standard & Poor’s Ratings Services said that its rating and outlook on Scottish Re Group Ltd. (SCT; B+/Developing/–) “will not be affected by the company’s five-day delay in its second-quarter...
Parents, Toy Companies Stressed Over Major Toy Recall
Aug 8 2007 // Many American parents are facing a quandrary about what toys to buy their children following the recall by Mattel Inc. of almost 1 million Chinese-made toys because they may contain lead. As if fears over contaminated...
Business Moves
Aug 6 2007 // Synercon Insurance Holdings In Nashville, Tenn., two insurance industry veterans have formed Synercon Insurance Holdings, a venture that will acquire and link leading independent insurance agencies. David D. Haynes,...
China Plans to Expand Health Insurance to All Urban Citizens
Jul 30 2007 // China plans to expand its medical insurance programs over the next three years to cover all urban citizens, including children and the unemployed, a state news agency last week quoted Premier Wen Jiabao as...
AIG, Liberty Mutual Given Go-Ahead for Wholly-Owned Subsidiaries in China
Jul 25 2007 // American International Group, Inc. and Liberty Mutual Group have each been been granted approval by the China Insurance Regulatory Commission (CIRC) to establish a wholly owned subsidiary in China. AIG said that its...
