Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Leaders Warn Time Running Out for Global Warming Deal
Sep 29 2009 // U.N. climate talks kicked off Monday in Bangkok with leaders calling for delegates to break the deadlock over a global warming deal and warning failure to act would leave future generations fighting for...
China, U.S. Try to Jumpstart U.N. Climate Change Talks
Sep 23 2009 // China laid out a plan to curb carbon emissions by 2020 and U.S. President Barack Obama called on all nations to act now to tackle global warming, as world leaders tried to inject momentum into climate change talks. With...
UN Seeks Momentum in Climate Talks as Obama, Hu Speak
Sep 22 2009 // China and the United States, the world’s top greenhouse gas emitters, will try to ignite efforts Tuesday to secure a U.N. global warming pact as worries grow of a “dangerously close” deadlock in...
The Coverage Conundrum in Chinese Drywall Claims
Sep 21 2009 // The Latest Mass Tort Unless you live in Florida or Louisiana, or regularly read the Insurance Journal, you may only now be hearing about the latest mass tort craze: Chinese-Manufactured Drywall (often simply referred to as...
RMS Warns Tropical Storm Koppu Threatens Southern China
Sep 14 2009 // Risk Management Solutions is currently tracking the progress of tropical storm Koppu. As of this morning, the storm was located over the South China Sea, approximately 130 miles (210 kms) south southeast of Hong...
Fairfax Financial Purchases 15% of China’s Alltrust Insurance
Sep 1 2009 // Canada’s Fairfax Financial Holdings Limited has purchased of a 15 percent interest in Alltrust Insurance Company of China for approximately US$66 million, subject to final approval by the Chinese Insurance Regulatory...
Report from China Says Climate Talks Stymied by Political Interests
Aug 24 2009 // Little progress has been made so far on a new pact to combat global warming, with “commercial and political interests” continuing to prevail, China’s senior climate change official said on Monday. The...
AIG to Sell Hong Kong Consumer Finance, India IT Units
Aug 12 2009 // American International Group, seeking to raise cash to repay around $180 billion in bail-out loans, has agreed to sell its Hong Kong consumer finance and India-based IT services units. China Construction Bank (CCB) Asia,...
U.S. and China Sign Memorandum on Climate Change
Jul 29 2009 // The United States and China, the world’s largest emitters of greenhouse gases, signed an agreement Tuesday that promises more cooperation on climate change, energy and the environment without setting firm...
New York Regulator Signs Cooperation Agreement with China
Jul 28 2009 // The New York State Insurance Department has signed a cooperation agreement with regulators in China calling for closer cooperation between the two agencies in overseeing insurance issues. Acting Superintendent Kermitt...
AIR Analyzes China Quake
Jul 13 2009 // According to catastrophe risk modeling firm AIR Worldwide, at 7:19 p.m. local time (11:19 UTC) on Thursday, July 9, a moderate earthquake struck China’s southwest Yunnan province. The USGS issued a moment magnitude...
G8 Eyes Climate as Summit Includes Emerging Powers
Jul 9 2009 // Leaders of the world’s richest nations and major developing powers meet on Thursday to seek common ground on global warming and international trade, with the poorer countries seeking concessions. U.S. President...
Chinese Drywall: Builders, Subcontractors, Home Owners Facing Potentially Massive Uninsured Losses
Jun 15 2009 // Policy Exclusions Favor Insurers But Builders Can Be Protected General liability carriers specializing in contractor insurance for builders and drywall subcontractors are “sweating it out” over the potentially...
Chinese Drywall: Builders, Subs Face Huge Uninsured Losses
Jun 15 2009 // Policy Exclusions Are a Problem, But Builders Can Be Protected There is a lot at stake for all parties because the damages on a per house basis are likely to be astronomical. General liability carriers specializing in...
Chinese Drywall: Builders, Subs Face Huge Uninsured Losses
Jun 15 2009 // Policy Exclusions Are a Problem, But Builders Can Be Protected General liability carriers specializing in contractor insurance for builders and drywall subcontractors (subs) are “sweating it out” over the...
RMS Completes Micro-Insurance Quake Project for Rural China
Jun 8 2009 // Risk Management Solutions has completed a new quantitative analysis, which “reveals that a micro-insurance system could be both technically and commercially viable to provide cover against catastrophic earthquake...
Ratings Roundup: Fortis, Patria Re, CIRe
Jun 5 2009 // Standard & Poor’s Rating Services said today that it affirmed its ‘A-‘ counterparty credit and financial strength ratings on Netherlands-based commercial lines insurer Fortis Corporate Insurance N.V....
Ratings: Allianz (Italy), Hatherley, Jamaica, China Ins. (Singapore), Arab Orient
Jun 2 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa” of Allianz S.p.A. (Italy), both with stable outlooks. The ratings reflect the...
China’s CNinsure Acquires Hongzhengda
Jun 1 2009 // CNinsure Inc., China’s largest independent insurance intermediary, announced the “signing of definitive agreements to acquire 100 percent equity interest in Shenzhen Hongzhengda Insurance Surveyors & Loss...
European Union, China Rebuild Ties; Seek ‘New Global Order’
May 20 2009 // The European Union and China hope to relaunch their political and economic relations at a summit on Wednesday and create a “new global order” to combat the financial crisis, dwindling world trade and climate...
