China News

Official Drywall Problems

While drywall-related corrosion is clearly evident, the CPSC said long term safety effects are still under investigation. The U.S. Consumer Product Safety Commission is now saying it has found a link between drywall made in China and the home corrosion …

U.S. Finds Strong Link Between Chinese Drywall and Corrosion

Federal safety officials say they have discovered a strong link between drywall made in China and the home corrosion reported by thousands of U.S. property owners whose homes used the drywall. The results are from an indoor air study of …

Louisiana Lawmakers, Regulators Responding to Chinese Drywall Issues

The controversy over drywall from China is heating up in Washington and in the Southeastern states most affected by the use of the product following the 2004 and 2005 hurricane seasons, including Louisiana. In a letter to Federal Trade Commission …

China, Other Big Developing Countries Reject Copenhagen Climate Plan

China and other big developing nations rejected core targets for a climate deal such as halving world greenhouse gas emissions by 2050 just five days before talks start in Copenhagen, diplomats said Wednesday. China, the world’s top emitter, together with …

California’s Poizner to Subpoena Companies Over Iran Divestment

California’s insurance commissioner said he intends to subpoena insurance companies that did not comply with his probe of insurance companies and Iran. Commissioner Steve Poizner announced yesterday that he intends to urge–and perhaps coerce–insurance companies doing business in California to …

Swiss Re Economists See Gradual Recovery; Regulation Concerns

Swiss Re’s Economic Forum, held today at the reinsurer’s iconic London headquarters, presented a far more encouraging picture of the world’s financial condition than a year ago. However, there may be light at the end of the tunnel, but the …

Danish Climate Change Treaty Draft Urges 50% Emissions Cut by 2050

The world should cut greenhouse gas emissions by 50 percent by 2050 from 1990 levels with the bulk of the reduction coming from rich countries, according to a draft proposal by Denmark, host of Dec 7-18 U.N. climate talks. The …

U.S. Finds Strong Link Between Chinese Drywall and Corrosion

Federal safety officials say they have discovered a strong link between drywall made in China and the home corrosion reported by thousands of U.S. property owners whose homes used the drywall. The results are from an indoor air study of …

Louisiana Commissioner: Help Available for Victims of Chinese Drywall

Louisiana Commissioner of Insurance Jim Donelon says homeowners whose properties are contaminated with defective Chinese drywall and who have been covered for more than three years by their homeowners insurer have the right to continue their coverage while vacating and …

Best Affirms Mondial Assistance, Jefferson ‘A’ Ratings; Outlook Stable

A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A’ (Excellent) and the issuer credit rating (ICR) of “a+” of Swiss-based Mondial Assistance International AG (MAI) and its U.S. subsidiary, New York-based Jefferson Insurance Company. The outlook for …