Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Research Can’t Yet Explain Link of Chinese Drywall to Home, Health Woes
Oct 30 2009 // Federal investigators have been unable to prove a definite link between imported Chinese drywall and home damage and health issues. But they aren’t done investigating. The Consumer Product Safety Commission said that...
U.S. Says Chinese Officials Helping with Probe of Tainted Drywall
Oct 27 2009 // 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...
Florida’s Citizens Reconsiders, Renews House With Chinese Drywall
Oct 23 2009 // Florida’s state-backed property insurer has taken a second look at a home with corrosion from defective Chinese drywall and decided to renew its homeowners’ insurance policy on the house after all. Citizens...
Insurers Backing Away from Homes with Chinese Drywall
Oct 16 2009 // James and Maria Ivory’s dreams of a relaxing retirement on Florida’s Gulf Coast were put on hold when they discovered their new home had been built with Chinese drywall that emits sulfuric fumes and corrodes...
Virginia Officials Tour Homes Built with Chinese Drywall
Oct 15 2009 // Three Virginia lawmakers are asking lenders to help homeowners whose homes were built with suspect drywall imported from China. U.S. Sen. Mark Warner and Congressmen Bobby Scott and Glenn Nye Reps issued their appeal...
AIG Sells Taiwan Life Insurance Unit for $2.15 Billion
Oct 13 2009 // American International Group is to sell its Taiwan life insurance unit for $2.15 billion, marking the largest disposal since a U.S. government bailout saved the insurer from collapse last year. The sale of Nan Shan Life on...
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...
