Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Typhoons a Major Cause of Losses in July: Aon Benfield – Impact Forecasting
Aug 7 2014 // The latest edition of Aon Benfield’s Impact Forecasting’s Global Catastrophe Recap report concludes that Super Typhoon Rammasun, which made separate landfalls in the Philippines and China, caused widespread...
Dutch firm Fugro to Lead Australian Subsea Search for Malaysia Airlines Jet
Aug 7 2014 // Dutch oil industry services firm Fugro is to lead Australia’s search of the Indian Ocean seafloor where missing Malaysia Airlines flight MH370 is believed to lie, hoping to solve the mystery of its disappearance five...
Swiss Re Sees Consolidation in Reinsurance amid Price Squeeze
Aug 7 2014 // Swiss Re Ltd. Chief Financial Officer David Cole expects consolidation in the reinsurance market as oversupply of capital squeezes prices. “Selling property and casualty reinsurance is becoming more difficult for us...
Death Toll in Southern China Quake Rises to 589
Aug 7 2014 // The death toll in southern China’s earthquake jumped from 410 to 589 on Wednesday as search and rescue teams found scores more bodies while pushing into isolated mountain communities to clear debris from collapsed...
Shallow M6.1 Earthquake Causes Severe Damage in China: AIR Analysis
Aug 5 2014 // According to catastrophe modeling firm AIR Worldwide the Mw6.1 earthquake that struck south-central China’s Yunnan Province “was the strongest to strike the area in 14 years. The epicenter was near the township...
Strong Earthquake Kills at least 34 in Southern China
Aug 4 2014 // A strong earthquake in southern China’s Yunnan province toppled houses on Sunday, killing dozens of people and injuring more than 100, officials and state media reported. Yunnan’s seismological bureau said 24...
China Car Parts Plant Explosion Kills 69, 187 Injured
Aug 4 2014 // A suspected dust explosion at an automotive parts factory in eastern China that supplies General Motors killed at least 69 people and injured more than 180 others, most with severe burns, state media reported Sunday. It...
Taiwan Probes Potential Pipeline Leak after Gas Explosions Kill 28 People
Aug 4 2014 // Taiwan authorities are preparing to inspect thousands of miles of pipeline after the government blamed the island’s deadliest industrial accident on a chemicals company. Shares of petrochemicals declined. Preliminary...
Energy Market Dynamics of Shifting Shale
Aug 4 2014 // The expansion of shale resource extraction encompasses several interrelated elements, including exploration risk, infrastructure project risk, and the risks associated with new or enlarged trade flows and the significant...
Chinese Drywall Maker Ordered to Pay $55,000, Stop Doing Business in U.S.
Aug 4 2014 // A federal judge in New Orleans has ordered a China-based maker of drywall to pay $55,000 in penalties and attorney fees – and to stop doing business in the United States – as punishment for refusing to take part in...
New Suit Filed in Louisiana Claims Chinese Drywall Destroyed Homes
Aug 1 2014 // Lawyers for people who say their homes were wrecked by defective drywall made in China have filed a new lawsuit against the manufacturers and a new defendant — the Chinese Cabinet agency that oversees the country’s...
Best Affirms Lloyd’s, Lloyd’s (China) Ratings; Outlook Positive
Jul 28 2014 // A.M. Best has affirmed the financial strength rating of ‘A’ (Excellent) and the issuer credit ratings (ICR) of “a+” of Lloyd’s and Lloyd’s Insurance Company (China) Limited (LICCL)...
AIA First-Half New Business Value Rises 23%, Led by China
Jul 25 2014 // AIA Group Ltd., the second-largest Asia-based insurer, posted a 23 percent increase in new business value in the first half, beating analyst estimates and exceeding the full-year figure for 2010 when it went public. The...
Typhoon Matmo Spares Taiwan from Major Damage; Moves to China: AIR Analysis
Jul 24 2014 // According to catastrophe modeling firm AIR Worldwide, Typhoon Matmo, the third typhoon in the western Pacific Basin in less than three weeks, “made landfall in Taiwan around midnight, local time, Tuesday night with...
Typhoon Matmo Targets Taiwan, Southeastern China: AIR Analysis
Jul 23 2014 // According to catastrophe modeling firm AIR Worldwide, Typhoon Matmo (called Henry in the Philippines) formed in the Philippines Sea and became a tropical storm on July 17. It is the third typhoon to form in the northwest...
Chinese Drywall Maker Ordered to Pay $55,000, Stop Doing Business in U.S.
Jul 22 2014 // A federal judge has ordered a China-based maker of drywall to pay $55,000 in penalties and attorney fees – and to stop doing business in the United States – as punishment for refusing to take part in court proceedings...
Typhoon Rammasun, Strongest Storm in Decades, Kills 18 in China
Jul 21 2014 // The strongest typhoon to hit southern China in four decades has killed 18 people, the government said Sunday, while in the Philippines the death toll from the storm’s earlier destruction rose to 94. Typhoon Rammasun...
Energy Market Dynamics of Shifting Shale
Jul 21 2014 // The expansion of shale resource extraction encompasses several interrelated elements, including exploration risk, infrastructure project risk, and the risks associated with new or enlarged trade flows and the significant...
Typhoon Rammasun Poised to Strike Hainan Province in China: AIR
Jul 18 2014 // According to catastrophe modeling firm AIR Worldwide, after striking the Philippines with high winds and floods, “a strengthening Typhoon Rammasun is set to make landfall in China between 6 and 12 UTC on July 18,...
Typhoon Rammasun Passes South of Manila, Strengthening Expected: AIR
Jul 17 2014 // According to catastrophe modeling firm AIR Worldwide, Typhoon Rammasun weakened as it crossed the Philippine island of Luzon and passed to the south of Manila, where wind speeds of 60-140 km/hr (37-87 mph) were observed,...
