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  • August 29, 2014
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  1. Discount insurance reward for good drivers

    Posted Jun 29th 2007, 12:00am by Staff Reporter

    ... depending on their vehicle type. 'The [floating rate adjustment] will cause a short-term decline in car insurers' revenue, such as PICC Property and Casualty and Ping An Insurance ... Amy Gu The mainland has adjusted the premium on the floating section of a car liability insurance plan, a move that may lead to a short-term revenue fall for property and casualty ...

  2. Trio convicted of HK$18m insurance premium fraud

    Posted Aug 31st 2006, 12:00am by Staff Reporter

    ... Yvonne Tsui Dud companies defrauded insurers and lied to sell policies The District Court yesterday found three people guilty of setting up two insurance brokerages to swindle two ... Insurance Brokers Association in June 2001. They had pleaded not guilty. The court heard that between March 2002 and August 2004, the defendants sold 1,560 insurance policies by lying to clients, ...

  3. Switching risks highlighted

    Posted Dec 17th 2004, 12:00am by Staff Reporter

    ... Kelvin Wong Insurance intermediaries next year will be required to inform clients of potential losses when they switch life policies, as industry regulators vowed to step up efforts to discourage the practice. Commissioner of Insurance Richard Yuen Ming-fai yesterday said that from January 1, more amendments would be made to the customer protection declaration form, a document ...

  4. How to bring a dog to heal without losing an arm and a leg

    Posted Feb 20th 2012, 12:00am

    ... Nicky Burridge moneypost@scmp.com Many people consider their pets to be part of their families, but insuring their four-legged friends may seem to be taking things a step too far. However, ... an animal's medical costs can be after my dog, Poppy, contracted tick fever. An extensive round of consultations, blood tests and four different types of medicine- including an antibiotic that cost ...

  5. Talkback

    Posted May 15th 2007, 12:00am by Staff Reporter

    ... their own children in Hong Kong, the city will lose the NET teachers that it seeks and, evidently, badly needs. Andrew Nesbitt, Sai Kung On other matters... I have bought pet insurance for my golden retriever, and although I have yet to make a claim, I am happy that I bought this insurance, which costs me only HK$2,000 per year. I decided to buy it after friends told me about their recent ...

  6. New rules for insurers' ABS deals

    Posted Dec 26th 2007, 12:00am by Staff Reporter

    ... at Core Pacific-Yamaichi International. 'Mainland insurers now only invest a very small percentage in this type of asset. As the ABS market develops in China, that could be another investment ... Natalie Chiu Beijing is drafting new rules for mainland insurers investing in the country's fledgling asset-backed securitisation (ABS) market, the insurance industry regulator said ...

  7. Giant insurer taps into growth of IT outsourcing on mainland

    Posted Sep 12th 2005, 12:00am by Staff Reporter

    ... BIEN PEREZ The world's largest insurance firm, American International Group (AIG), is on the prowl for more business as information technology outsourcing expands in China. It is looking to sell for more professional liability insurance to IT service providers and software developers. But AIG only expects demand to grow if more small to medium-sized IT outsourcing ...

  8. Selling subsidised flats made easier

    Posted May 21st 2005, 12:00am by Staff Reporter

    ... Staff Reporter The Housing Authority expects to pocket an extra $182 million in land premiums a year from relaxing rules on the resale of subsidised flats. At present, Home Ownership Scheme flats must be at least five years old before they can be sold on ...

  9. Business - INSURANCE

    Economic slowdown to hit Asian insurers hard

    Posted Aug 22nd 2012, 12:00am by Toh Han Shih

    ... Toh Han Shih hanshih.toh@scmp.com Economic slowdown to hit Asian insurers hard Asia's insurance industry will take a hit from the economic slowdown in China and Europe, but stimulus measures such as infrastructure spending by Asian governments offer a ray of hope, analysts at Swiss Re Group say. "Slowing GDP growth will be a drag on both life and non-life insurance demand ...

  10. Local insurers seek exemption from US tax law

    Posted Jul 09th 2012, 12:00am

    ... Enoch Yiu enoch.yiu@scmp.com Hong Kong insurers are the latest to oppose a proposed US tax law, and are seeking waivers to protect nine million local policies that could be affected by it. ... of Hong Kong insurers and pension providers and would affect their investment choices. That's why the Hong Kong insurance industry is opposing FATCA,' said Lennard Yong, chairman ...




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