Can China Shield the Biggest Uninsured Economy From Floods? December 19, 2024 By Coco Liu The rivers and canals that meander through Hemudu in southeastern China are a vital source of life and community —...
Former Executive of PICC Property & Casualty Expelled From China’s Communist Party May 25, 2022 China’s ruling Communist Party has expelled a former chief accountant of state-controlled PICC Property and Casualty Co. from the party,...
12 Chinese Insurers Co-Launch Coverage for Businesses Hit by Coronavirus February 18, 2020 China’s southern province of Hainan has launched the first specially designed insurance product to cover losses incurred by businesses as...
AIG Reported to Be Selling Its Last Shares in China’s PICC Insurer September 5, 2016 American International Group (AIG) is seeking to raise about $190 million by selling its remaining shares in China’s PICC Property...
AIG Selling $1.2 Billion Worth of Shares in China’s PICC P&C: Report May 2, 2016 By Denny Thomas and Fiona Lau American International Group is offering for sale about $1.2 billion worth of shares in China’s PICC Property and Casualty Co....
Chinese Drones Perform Well in Analyzing Tianjin Damage Estimates December 18, 2015 By Fang Yan and Matthew Miller When an explosion devastated parts of China’s Tianjin port in August, one insurance company turned to Chinese-made drones to help...
AIG Reportedly to Raise About $750M From Sale of Shares in China’s PICC P&C December 7, 2015 American International Group is seeking to raise about $750 million by selling part of its stake in China’s state-run PICC...
UPDATE: Tianjin Blast Claims Could Top Estimates, Strain Chinese Insurers August 18, 2015 By Jonathan Gould Insurance claims from the devastating explosions at the Chinese port of Tianjin last week could exceed initial estimates and strain...
Chinese Insurers Send Claims Teams to Site of Yangtze Ship Disaster June 3, 2015 PICC Property and Casualty Co. Ltd., the insurer of a ship that capsized in China’s Yangtze River on Monday, and...