China News

U.S. Senate Vote Dims Hopes for Stronger World Climate Pact

Hopes for stronger world action in 2010 to curb climate change have dimmed after the U.S. Democrats lost a key Senate seat to a Republican opposed to capping emissions, experts said Wednesday. The election of Republican Scott Brown, an opponent …

World Economic Forum Presents Global Risks Report for Davos Summit

The World Economic Forum released Global Risks 2010, its annual report on the most significant global risks facing the global economy, in a presentation held at Marsh’s London office. The report, which the WEF has prepared in each of the …

Troops, Food Headed for Haiti As Quake Toll Soars

Troops and planeloads of food and medicine trickled in to Haiti Thursday to aid a traumatized nation still rattled by aftershocks from the catastrophic earthquake that flattened homes and government buildings and buried countless people. The Haitian Red Cross said …

Private Insurance Market in Haiti Small

Haiti’s private insurance market is very small but its government did provide a level of insurance coverage to its citizens by participating in a regional risk sharing pool. “Haiti is the poorest country in the Western Hemisphere and poor countries …

Tens of Thousands Feared Dead, Capital in Ruins From Haiti’s Catastrophic Quake

Traumatized Haitians slept out in parks and streets Thursday, fearing aftershocks to the catastrophic earthquake that flattened homes and government buildings and buried countless people. Tens of thousands of people were feared dead and many were believed to be still …

Preliminary California Quake Damage Tally at $12.5 Million

A 6.5 magnitude earthquake struck off the coast of Northern California on Jan. 9, shaking buildings south of the Oregon border and knocking out power in several coastal communities. The quake hit at about 4:27 p.m. PST about 22 miles …

Negotiations Falter at UN’s Copenhagen Conference on Climate Change

The United Nations’ Copenhagen Conference on Climate Change strained mightily and produced — a note. Co-authored by the United States and China as a last minute face saver, only five nations signed it. This wasn’t much, to say the least, …

HUD Helps Virginia Homeowners with Suspect Drywall

Some families in Virginia whose homes were built with suspect drywall from China may be eligible for assistance to help rehabilitate their properties. To qualify, families must have insurance through the Federal Housing Administration. Charles Famuliner, director of the U.S. …

California Insurance Companies Respond to Terror Financing Probe

All 1,327 insurance companies licensed in California have responded to California Insurance Commissioner Steve Poizner’s request to provide data on their investments with companies doing business with Iran’s nuclear, energy and defense sectors. Previously, the Commissioner’s office was waiting for …

Liberty Mutual Receives China Approval to Open Zhejiang Branch

Liberty Mutual Group, through its wholly owned subsidiary Liberty Insurance Company Limited (LICL), has been granted approval to establish a branch in Zhejiang by the China Insurance Regulatory Commission (CIRC). Liberty Mutual’s Chinese operations are headquartered in Chongqing. The CIRC …