Latest China Headlines
All the headlines from our China Topic Page, ordered by recency.
Louisiana’s Rep. Melancon: Chinese Drywall Poses a Fire Hazard
Mar 22 2010 // U.S. Congressman Charlie Melancon (LA-03) sent a letter to the nation’s top fire official requesting his assistance in protecting homeowners from toxic Chinese drywall. In his letter to U.S. Fire Administrator Kelvin...
FEMA Denies Aid for Florida Families with Chinese Drywall Damage
Mar 17 2010 // Last week Florida asked for federal financial assistance for thousands of homeowners with property damage caused by defective Chinese drywall. But the Federal Emergency Management Agency, which typically deals with...
Ratings Roundup: Middle East, China Taiping, LAWPRO
Mar 17 2010 // Standard & Poor’s Ratings Services has lowered its long-term counterparty credit and insurer financial strength ratings on Jordan-based Middle East Insurance Company (MEICO) to ‘BBB-‘ from...
Zurich Considering New China Life Fundraising; Future P/C Growth
Mar 16 2010 // Zurich Financial Services is actively talking with sovereign wealth fund China Investment Corp and major steelmaker Baosteel on fundraising plans for their venture New China Life Insurance, a Zurich Financial executive...
China Tells United States to Do More on Climate Change
Mar 11 2010 // China told the United States on Wednesday to make stronger commitments on climate change and provide environmental expertise and financing to developing nations. China’s top climate change negotiator, Xie Zhenhua,...
Fitch Holds Conference on China’s Life, Non-Life Insurance Sectors
Mar 11 2010 // Fitch Ratings hosted a teleconference today, March 11 on the performance of China’s life and non-life insurance sectors. A replay of the conference is expected to be posted soon on the rating agency’s web site...
China and India Endorse Copenhagen Climate Change Agreement
Mar 10 2010 // China and India joined almost all other major greenhouse gas emitters on Tuesday in signing up to the climate accord struck in Copenhagen, boosting a deal strongly favored by the United States. More than 100 nations have...
Ping An Sees No Impact on China Insurance from Prudential/AIG Deal
Mar 5 2010 // Ping An Insurance, China’s No. 2 insurer, said on Friday it was not concerned about a plan by Britain’s Prudential to buy the Asia assets of U.S. insurer AIG, the market leader among foreign insurers in...
Copenhagen: Billions in Aid Seen as Key to Climate Talks Success
Feb 23 2010 // The allure of $30 billion in climate aid for poor nations holds the key to helping restore confidence in U.N. talks on fighting global warming and stopping them from unraveling. But there’s only months to figure out...
Ratings Roundup: Validus (Notes), South China
Feb 3 2010 // A.M. Best Co. has assigned a debt rating of “bbb-” to the recently issued $250 million 8.875 percent senior unsecured notes, due 2040 of Bermuda’s Validus Holdings, Ltd., and has assigned them a stable...
EU Welcomes China’s Support Against Somalia Piracy
Jan 29 2010 // China’s participation in an international naval operation to protect ships from pirates off the coast of Somalia should help improve maritime security in the Horn of Africa, an EU naval commander said Thursday. China...
U.S. Businesses Face Increasing Threats From Chinese Cyber Attacks
Jan 27 2010 // U.S. businesses and government agencies are facing increasing risks of potential cyber attacks from China, according to a recent report. And IT departments that react defensively to such attacks may not be doing enough to...
Private Insurance Market in Haiti Small
Jan 14 2010 // 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...
Louisiana AG Sues Chinese Drywall Manufacturers and Distributors
Jan 14 2010 // Louisiana Attorney General Buddy Caldwell filed suit in Orleans Parish against multiple Knauf entities, other international and domestic manufacturers, distributors, importers of alleged toxic Chinese drywall. Several...
Negotiations Falter at UN’s Copenhagen Conference on Climate Change
Jan 10 2010 // 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...
Liberty Mutual Receives China Approval to Open Zhejiang Branch
Jan 7 2010 // 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...
Chinese Drywall Lawsuit Filed in Louisiana but Most Claims Are in Florida
Jan 7 2010 // On Jan. 6, the WCI Chinese Drywall Trust, an entity formed in bankruptcy proceedings of residential homebuilder WCI Communities Inc., announced it had filed suit against 14 insurance companies seeking indemnification for...
WCI Chinese Drywall Trust Files Suit Against 14 Insurers
Jan 6 2010 // The Trustee for the WCI Chinese Drywall Trust has filed suit against 14 insurance companies in U.S. District Court, Eastern District of Louisiana, seeking indemnification for losses arising from claims for the development...
Munich Re CEO Slams Copenhagen Failure; Calls for ‘Small Party’ Talks
Dec 29 2009 // Munich Re’s CEO Nikolaus von Bomhard issued a statement on the reinsurer’s web site that left no doubt concerning the disappointment he (and the Group) feel following the failure of the UN’s Copenhagen...
Special Reuters Report: America’s Route to Recovery
Dec 29 2009 // When Bob Hagan was a boy in Youngstown, Ohio, people equated the coke dust they swept off their doorsteps each day with opportunity, for it came from the steel mills that built this city. After graduating from high school...
