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  • August 1, 2014
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  1. News - World - UNITED STATES

    Silicon Valley billionaire buys record US$201 million life insurance policy

    Posted Mar 17th 2014, 05:31am by AP

    ... Associated Press in San Francisco Billionaire buys record US$201m life insurance An unnamed Silicon Valley billionaire has purchased the world's most valuable life insurance policy, ... said. Guinness credits Frances with the record for selling the policy, surpassing British life insurance salesman Peter Rosengard, who helped put together Geffen's policy. Frances ...

  2. News - World

    Insurance issue could be 'long and complex'

    Posted Jul 19th 2014, 02:16am by Reuters

    ... Reuters in New York Insurance on the Malaysian airliner is likely to pay out relatively quickly if the cause of the crash is determined, but observers say insurance for the loss of 298 ... Bloomberg reported late on Thursday that Germany's Allianz was the lead hull and liability reinsurer covering the airliner, which London-based insurance broker Aon valued at about US$97.3 ...

  3. News - China - Flight MH370

    Families of some passengers on missing Flight MH370 receive insurance payouts

    Posted Mar 27th 2014, 03:35pm by Reuters in Beijing

    ... The families of seven passengers received 4.17 million yuan (HK$5.25 million) in compensation on Tuesday, China Life, the country’s largest insurance company, was quoted by Xinhua as saying. China Life ... yuan as of Wednesday, Xinhua said. Sunshine Insurance said it has compensated 500,000 yuan for a family of three, while New China Life Insurance estimated its compensation would reach 1 million ...

  4. News - Asia - NEPAL

    After Everest avalanche, Sherpas threaten climbing ban unless insurance boosted

    Posted Apr 21st 2014, 02:34pm by Associated Press and agencies in Kathmandu

    ... life insurance to US$20,000 within a week Expedition leaders and guides have threatened to cancel all climbing on Mount Everest after the deadliest avalanche in its history as hundreds ... Sherpa community,” the Sherpas said in a statement. The letter calls for a Sherpa relief fund to be set up using 30 per cent of the fees paid by climbers and says life insurance payments, ...

  5. News - Hong Kong - CONSUMER RIGHTS

    Beware of 'traps' in medical insurance coverage, watchdog warns

    Posted Jul 16th 2014, 04:15am by Emily Tsang and Ernest Kao

    ... Ernest Kao and Emily Tsang Watchdog warns of medical insurance traps The consumer watchdog has warned holders of medical insurance policies to be wary of traps arising from the issuing of incomplete or opaque statements by insurers. The warning came after complaints to the Consumer Council about insurance services rose to 195 in the first six months of the year- a 30 per cent increase ...

  6. News - China - Flight MH370

    Chinese insurers start making payments for clients on Malaysia Airlines flight

    Posted Mar 26th 2014, 05:00am by Kwong Man-ki

    ... no survivors. The total payout for Ping An's clients is expected to be well above 10 million yuan, a company spokesman said. China Life Insurance said payouts totalling 4.17 million yuan were made to seven families up to yesterday. The insurer said it had 32 clients with a total of 74 policies on board the Boeing 777. China Life said it expected the total insurance payout to be about ...

  7. News - World - SECURITY

    Snowden too young to spend life dodging extradition, German minister says

    Posted Jul 30th 2014, 09:23pm by NYT

    ... McClatchy-Tribune German minister says whistle-blower is too young to spend his life 'dodging extradition' Snowden urged to go home and face charges NSA whistle-blower Edward Snowden is too young to spend his life dodging extradition in remote foreign locales, Germany's justice minister said in advising the fugitive to return to the United States and face ...

  8. News - World - AVIATION

    Black week for aviation a reminder of the 'magic of flight and fragility of life'

    Posted Jul 25th 2014, 10:10pm by Reuters

    ... Reuters, Sijia Jiang and Lana Lam Tragic reminders of the magic of flight and fragility of life Nearly 300 passengers are killed when their plane is shot out of the sky over eastern Ukraine. Airlines suspend flights to Israel's largest airport after rocket attacks. An airliner crashes during a storm in Taiwan, and yet another crashes in West Africa. Aviation has suffered ...

  9. News - Hong Kong

    Poison and big business: Jimmy Lai's private life thrust into the spotlight in leaked files

    Posted Jul 23rd 2014, 09:15am by Joyce Ng and Fanny W. Y. Fung

    ... in Taiwan which tried to oust former president Chen Shui-bian in 2006. Another file reveals details of the life of former chief executive Donald Tsang Yam-kuen and his wife Selina Tsang Pou Siu-mei. ...

  10. News - China Insider - AIR POLLUTION

    Chinese regulator calls off smog insurance allegedly over ‘lottery-esque’ terms

    Posted Mar 25th 2014, 07:05pm by Chris Luo

    ... Chris Luo chris.luo@scmp.com Expert casts suspicion on policy and its difficult-to-meet terms The mainland’s insurance regulator has reportedly suspended China’s first smog insurance policy just a week after it was introduced, as sources said its terms and conditions raised suspicions. The People’s Insurance Company of China (PICC), the country’s largest non-life-insurer ...




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