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  • November 24, 2014
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Results 1 - 10 of 13 for types of insurance

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  1. 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, ...

  2. 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 ...

  3. Green cover makes polluters clean up their act

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

    ... China's dirtiest industries could soon be buying insurance to cover the risk of environmental mishaps as the government pushes some of the financial risks of its pollution problem on to the lap of the private sector. The State Environmental Protection Agency in December recommended compulsory pollution liability insurance for polluting industries. Sepa said the number of public ...

  4. Environmental suits on the increase

    Posted Mar 29th 2007, 12:00am by Nevin Nie

    ... States.' Still, as more people are affected by pollution, their ire is coming out in court, with about 2,000 environmental lawsuits now being filed each year. Mr Wang thinks pollution insurance is a positive step, but he doubts whether many companies will buy cover unless they are forced to do so. 'The government should force the polluting companies to [buy insurance],' he said. He ...

  5. Insurers rely on scientists to prepare for stormy weather

    Posted May 23rd 2007, 12:00am by Chris Davis

    ... the key findings of the latest data relating to climate change, it was clear that the underwriting and catastrophe models already in use had helped insurers think about large events ... billion to HK$6 billion worth of damage. Hurricane Katrina, which caused an estimated US$60 billion in insured losses when it hit the north-central Gulf coast of the United States in 2005, ...

  6. Dire prediction

    Posted Jun 01st 2004, 12:00am by Nick Gentle

    ... on December 26 was by far the deadliest disaster of the year, killing some 45,000 people, in monetary terms it didn't come close to some of the year's other events. Insurance group Munich Re ... expensive single disaster was the heatwave that hit Europe, killing more than 20,000 people, with insured losses of more than US$10 billion. The insurance giant is warning that as climate change ...

  7. Polluter insurance scheme to hold firms accountable

    Posted Feb 19th 2008, 12:00am by Shi Jiangtao

    ... Shi Jiangtao in Beijing The mainland's environmental watchdog will set up a liability insurance system in an attempt to hold industrial polluters accountable. State Environmental Protection Administration (Sepa) deputy director Pan Yue said the 'green insurance' initiative was prompted by the grave threats pollution and worsening environmental degradation posed ...

  8. Japan quake shows preparation is vital

    Posted Mar 21st 2011, 12:00am by Staff Reporter

    ... will be covered by insurance and other types of disaster-risk financing. Japan has also clearly shown the value of early warning systems and evacuation plans and drills for reducing loss of life ...

  9. Lai See

    Posted Dec 27th 2007, 12:00am by Staff Reporter

    ... Cameron Dueck Risk never takes a holiday as Grinch-proof policy shows Lloyd's, the specialist insurance market, will bail you out if the Grinch steals your Christmas. The company is offering a special seasonal product to compensate those who miss the cheer, although Lai See has spotted some significant problems with hedging some of the risks this type of underwriting can ...

  10. Talkback

    Posted Jan 19th 2004, 12:00am by Staff Reporter

    ... The government offered financial subsidies for goods vehicles to retrofit pollution-reduction devices with the aim of reducing air pollution generated by these types of commercial vehicles. It is clear ... devices, but a new type of vehicle that will emit less pollution and achieve much better fuel economy compared to conventional vehicles, however at a slightly higher price. But our government does ...




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