China News

At Least 14 Reported Dead as Typhoon Mirinae Lashes Philippines

Typhoon Mirinae has battered the Philippine capital and surrounding provinces, still reeling from recent flooding, killing at least 14 people [IJ Note — later reports have increased the death toll to 24] and sending residents of one town clambering onto …

UN Climate Change Talks Resume as Time Runs Out for Deal

Time has almost run out to break the deadlock on a U.N. climate deal supposed to be struck in Copenhagen next month, the United Nations and Denmark warned negotiators at a final preparatory meeting on Monday. “The clock has almost …

Declarations

The Other ‘Public Options’ “Workers’ compensation state funds now control a quarter of the insured workers compensation market, despite the fact that they only write in 25 states… It’s an argument not to fear public options if they’re properly structured.” …

U.S. Says Chinese Officials Helping with Probe of Tainted Drywall

China is helping American officials investigate reports of contaminated Chinese drywall after thousands of American homeowners complained the building material made them sick or damaged their houses, a top U.S. safety official said. Consumer Products Safety Commission Chairman Inez Tenenbaum …

Business Moves

AmTrust, American Capital, GMAC AmTrust Financial Services, Inc. is making an investment in American Capital Acquisition Corp. in connection with the acquisition by ACAC of GMAC’s U.S. consumer property/ casualty insurance business. AmTrust said it will initially invest approximately $42.5 …

New York Signs Regulatory Agreement with El Salvador

The New York Insurance Department has signed a cooperation agreement with its counterpart in El Salvador, the latest in a string of similar agreements with insurance regulators in foreign countries. The agreement calls for increased cooperation on insurance-related issues between …

U.S. Insurance Commissioners Host 13 International Regulatory Interns

The organization of state insurance commissioners welcomed 13 interns from Azerbaijan, China, Egypt, Saudi Arabia, Thailand and Zambia to the U.S. this week. The National Association of Insurance Commissioners (NAIC) has sponsored its International Internship Program for Education and Regulatory …

U.S. Says Chinese Officials Helping with Probe of Tainted Drywall

China is helping American officials investigate reports of contaminated Chinese drywall after thousands of American homeowners complained the building material made them sick or damaged their houses, a top U.S. safety official said. Consumer Products Safety Commission Chairman Inez Tenenbaum …

New Met Office Map Details Consequences of Rising Temperatures

The UK’s Met Office, in cooperation with the government, has published a detailed and interactive map, illustrating the global consequences of failing to keep temperature increases to less than 2°C [3.6° F]. The map was developed “using the latest peer-reviewed …

WTO Head Says Doha Round Agreement May Be ‘Out of Reach’

The goal of signing a new global commerce deal in 2010 is out of reach unless countries accelerate their negotiations, the World Trade Organization’s Director-General Pascal Lamy said on Friday. The WTO’s 153 members must turn vague discussions on the …