Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Climate Change Link to Insurance Losses Decades Away
Feb 7 2011 // Tropical cyclones are expected to cause more damage in the United States and Asia but it could be more than a century before insurers can point to climate change as a factor in losses from storms, scientists say. In a...
Chinese Drywall Makers Won’t Compensate U.S. Homeowners
Jan 24 2011 // The U.S. has failed to persuade Chinese makers of defective drywall to compensate American homeowners, in a dispute that threatens to mar strained trade ties. The failure to persuade about 13 makers of contaminated drywall...
China’s Continental, Korea’s Daewoo INS Join Assurex Global Broker Network
Jan 24 2011 // Assurex Global, the worldwide broker network, announced that it has added two new firms to the network: Continental Insurance Brokers Limited (CIB), with headquarters in Beijing, China, and Daewoo INS Korea Corp. in Seoul,...
U.S. Opens Product Safety Office in China
Jan 18 2011 // The U.S. Consumer Product Safety Commission will set up its first office outside the United States in China in a bid to reduce the amount of dangerous products reaching the American market. Commission head Inez Tenenbaum...
Lloyd’s Ribeiro Beats a Path to the World’s Insurance Door
Jan 18 2011 // As director of international markets for Lloyd’s of London, Jose Ribeiro has a lot of responsibilities. He took a brief time out, as he prepared for a trip to China, to tell the Insurance Journal a little bit about...
Lockton Opens Beijing Branch Office
Jan 14 2011 // Insurance broker Lockton has received approval from the China Insurance Regulatory Commission (CIRC) to open a new branch office in China, based in Beijing. The new office will be run by Alex Jiang, who will be joined by a...
Study Says Climate Change Link in Hurricane Losses Decades Away
Jan 13 2011 // Tropical cyclones are expected to cause more damage in the United States and Asia but it could be more than a century before insurers can point to climate change as a factor in losses from storms, scientists say. In a...
Chinese Drywall Makers Refusing to Compensate U.S. Homeowners
Jan 11 2011 // The top U.S. product safety official said on Monday the agency has failed to persuade Chinese makers of defective drywall to compensate American homeowners, in a dispute that threatens to mar strained trade ties. The...
Federal Judge Dismisses Suits Against Insurers Over Chinese Drywall Coverage
Jan 10 2011 // A federal judge in Louisiana in mid-December let 10 insurance companies being sued by Louisiana homeowners over property damage resulting from the installation of defective drywall from China off the hook for coverage from...
Firms At Risk As Fight Against Corrupt Practices Heats Up
Jan 10 2011 // The U.S. and U.K. Crack Down on Bribes While in Russia and China Giving Gifts Remains Common Practice Authorities have been escalating their campaign against corruption in the last few years, resulting in a sharp spike in...
U.S. Analyst: China May Be ‘Likely Bright Spot’ in Asia Climate Action
Dec 31 2010 // The outcome of U.N. climate talks in Mexico this month should boost steps in Asia to curb greenhouse gas emissions, with China a likely bright spot in 2011, a senior analyst at a leading U.S. think tank said. The talks...
Carlyle Group Sells $860 Million Stake in China Pacific -Sources
Dec 30 2010 // Carlyle Group has sold a 2.5 percent stake worth around $860 million in China Pacific Insurance (Group) Co Ltd, sources said, helping the buyout fund recoup its investment in what could be one of its best Asian deals to...
FACTBOX: 25 Ships and Crews Still Held by Somali Pirates
Dec 28 2010 // Somali pirates have released the Marida Marguerite, a German-operated chemical tanker after receiving a $5.5 million ransom, the Kenya-based East African Seafarers Assistance Program said on Tuesday. The tanker was seized...
Insurers’ Recent Success a Milestone in a Year of Chinese Drywall Litigation
Dec 23 2010 // A federal judge in Louisiana recently let 10 insurance companies being sued by Louisiana homeowners over property damage resulting from the installation of defective drywall from China off the hook for coverage from those...
Chubb Receives Final Approval for China Branch in Nanjing
Dec 16 2010 // The Chubb Corporation announced that the China Insurance Regulatory Commission (CIRC) has granted final approval to Chubb Insurance (China) Company Limited, an indirect wholly owned subsidiary, to establish a branch in...
Aon Benfield Names Jing Ping Zhang to Head China Facultative Operations
Dec 15 2010 // Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corporation announced the appointment of Jing Ping Zhang as Head of Facultative for the firm’s China operations. He will be responsible for...
Droughts, Floods, Snow and Cold Hit Global Commodities
Dec 15 2010 // Droughts and deluges in Australia, snow in Europe and cold snaps in the United States are pushing up prices of a range of commodities from sugar to heating oil and soybeans. Australia typically ranks as second in the...
An Analysis on Climate Talks: 18 Years, too Little Action?
Dec 14 2010 // “I was born in 1992. You have been negotiating all my life. You cannot tell us that you need more time,” Christina Ora of the Solomon Islands complained to delegates at U.N. talks on fixing global warming. Her...
Cancun Climate Talks End with Modest Steps, No Kyoto Deal
Dec 13 2010 // The world’s governments agreed Saturday to modest steps to combat climate change and to give more money to poor countries, but they put off until next year tough decisions on cutting greenhouse gas emissions. The...
UN Secretary General Urges Climate Agreement ‘Short of Perfect Deal’
Dec 8 2010 // Saying the health of the planet is at stake, U.N. Secretary-General Ban Ki-moon urged 190 nations meeting in Mexico on Tuesday to agree to steps to fight climate change that fall short of a perfect deal. “We cannot...
