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  • August 28, 2014
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  1. Types of protection against risks

    Posted Mar 03rd 2008, 12:00am by Sophie Paine

    ... Money is written by Sophie Paine, who teaches financial literacy at www.aandbmake3.com Insurers have imagination! You can insure against a wide range of risks. Medical insurance covers medical expenses. Always check if it includes dental and optical insurance. Property insurance: covers properties, like houses, against fire, flood, theft, or weather damage. Liability insurance ...

  2. Insurers count the cost of disaster year

    Posted Dec 13th 2011, 12:00am

    ... Enoch Yiu This column last week pointed out that bankers have little to cheer about this Christmas, and our insurance friends tell us their outlook is also bleak. Insurers have been hard ... week said that claims arising from the Thailand flooding were expected to cost it US$600 million. For the whole insurance industry worldwide, the loss is estimated at US$8 billion to US$11 ...

  3. Bank drops minibus insurance

    Posted Oct 30th 2004, 12:00am by Martin Wong

    ... Martin Wong Most minibuses could soon be forced off the streets of Hong Kong as the Bank of China Group says it will no longer offer third-party liability insurance for the vehicles. In a letter to several public minibus organisations yesterday, the bank said it would not be insuring public minibuses from next month because of poor insurance records and the recent spate of traffic ...

  4. Terror, riots, weather add up to big risks

    Posted Jul 23rd 2012, 12:00am

    ... Enoch Yiu If the London Olympic Games were cancelled at the last minute, it wouldn't just be the spectators who'd be disappointed- insurers covering the international event would face huge compensation bills. And, unlike the Beijing Olympic Games where insurers mainly worried about the risk of earthquakes, the London Olympics' biggest insurance risks are terrorist ...

  5. Plan to expand safety net to SMEs has insurers fuming

    Posted Feb 28th 2012, 12:00am

    ... Kong to buy insurance products not available in their home market. For example, a Thai company that could not get flood cover in their own country could set up an SME to buy the type ... Enoch Yiu Insurance executives have become increasingly worried about a government proposal to expand a safety net to corporate policyholders in the event an insurer collapses. Having ...

  6. Cost of global disasters hit record US$370b last year

    Posted Mar 29th 2012, 12:00am

    ... according to reinsurance giant Swiss Re. The Zurich-based company, the world's second-biggest reinsurer behind German firm Munich Re, had earlier estimated total economic losses- insured ... the 'widespread lack of insurance protection worldwide' means that the staggering amount of economic damage last year 'will be shouldered by corporations, governments, relief organisations, ...

  7. Insurance puts drunks in the driver's seat

    Posted Aug 19th 2003, 12:00am by Staff Reporter

    ... An invitation to drink and drive? Or a blessing for the victims of drunks? A Shanghai insurer's policy offering accident cover to drivers under the influence of alcohol is stirring controversy. Shanghai Tianan Insurance has sold 400 of the one-of-a-kind policies, which cover up to 70 per cent of the compensation accident victims claim from drunk drivers. 'Policyholders can ...

  8. Compulsory insurance is weighed for package tours

    Posted Feb 15th 2005, 12:00am by Patsy Moy

    ... Patsy Moy Plan could help prevent drawn-out legal disputes, says travel body The Travel Industry Council is considering making it compulsory for travellers to buy insurance before they can join a package tour. The plan was unveiled yesterday by the council's executive director, Joseph Tung Yao-chung, who said compulsory insurance could help prevent long and costly legal ...

  9. China's insurers see chance in trade shunned by West

    Posted Apr 19th 2012, 12:00am

    ... Keith Wallis keith.wallis@scmp.com Mainland insurers could take a bigger role in covering supertankers carrying crude oil from Iran to China when the European Union introduces tougher ... prices, experts said. The sanctions, which are being introduced to pressure Iran to curb its nuclear programme, will prevent Western marine mutual organisations insuring vessels chartered to carry ...

  10. Insurers push coverage against environmental damage

    Posted Apr 05th 2008, 12:00am by Staff Reporter

    ... Cameron Dueck Insurance companies have begun selling environmental insurance policies on the mainland, marking what could be the start of a trend towards more responsible corporate behaviour and broader government requirements for industrial companies to buy pollution liability coverage. Environmental insurance forces companies to clean up their act because a company must ...




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