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  • April 16, 2014
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  1. 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 ...

    http://www.scmp.com/news/china-insider/article/1457052/chinese-authority-calls-smog-insurance-allegedly-over-lottery
  2. Tune Ins unlocks insurance potential of robust travel market

    Posted Mar 21st 2014, 04:35pm by Reports by Elaine Deng, Krystin Chu, Stacey Johnson, Khay Inn Poh and Jessica Ryan

    ... 2009, Tune Ins provided travel insurance to 8 million passengers last year, giving Tune Ins a strong baseline for cross-selling protection products such as home contents and vehicle insurance ... typically purchase travel insurance, will form a new base of insurance buyers and potentially revolutionise the region's insurance industry as e-commerce gains traction. Tune Ins is headed ...

    http://www.scmp.com/article/1454040/tune-ins-unlocks-insurance-potential-robust-travel-market
  3. Business - China Business - INSURANCE

    Regulator warns of rise indebt risks

    Posted Mar 22nd 2014, 01:30am by Daniel Ren

    ... government-directed industrial projects through state-owned financing vehicles. The CIRC warned insurers that some of the projects might not be covered by sufficient capital and that financing vehicles were ... Daniel Ren in Shanghai ren.wei@scmp.com CIRC says some local government projects might not be covered by sufficient capital and that financing vehicles are not strong enough Regulator ...

    http://www.scmp.com/business/china-business/article/1454417/regulator-warns-rise-indebt-risks
  4. PICC to cut its reliance on vehicle coverage

    Posted Aug 24th 2004, 12:00am by Staff Reporter

    ... in a report earlier this month. PICC's turnover rose 15 per cent to 35.3 billion yuan in the first half, as a growing number of vehicles insured and recovering premium rates lifted turnover from ... in loss reserves for old motor insurance claims and book losses from mutual fund investments for its worse than expected first-half earnings. Smarting from a 27 per cent year-on-year decline ...

    http://www.scmp.com/article/467653/picc-cut-its-reliance-vehicle-coverage
  5. Vehicle insurers gain reprieve on third-party policy liability

    Posted Jun 18th 2004, 12:00am by Staff Reporter

    ... vehicle policies. The Chinese Road Traffic Law, which came into effect last month, makes third-party motor vehicle liability insurance (TPL) mandatory for all drivers nationwide. ... in vehicle accidents, raising TPL underwriting risks substantially. 'Plainly put, the new standards significantly raise insurers' liabilities,' said a Shenzhen-based insurance company ...

    http://www.scmp.com/article/459966/vehicle-insurers-gain-reprieve-third-party-policy-liability
  6. News - Hong Kong - TRANSPORT

    Screw on Tuen Mun Road bursts tyres of 50 vehicles, causing 3-hour jam

    Posted Dec 01st 2013, 06:14am by Candy Chan

    ... Candy Chan candy.chan@scmp.com Tyres of about 50 vehicles, including 36 buses, are burst, with hundreds of passengers affected Three-hour jam caused by single screw in road Tyres on about 50 heavy vehicles were damaged by a single screw sticking up from the road surface yesterday, delaying traffic for more than three hours. The incident involved buses, trucks and coaches ...

    http://www.scmp.com/news/hong-kong/article/1369878/screw-tuen-mun-road-bursts-tyres-50-vehicles-causing-3-hour-jam
  7. Comment - Insight & Opinion

    Insurers right to limit cover for young Ferrari drivers

    Posted Oct 14th 2012, 12:00am by STAFF

    ... into money at a young age. Insurers do not always look kindly on youth and high-performance vehicles, though. Some firms refuse to write a policy in the name of drivers under the age of 28. ... insurance data shows sports cars are more frequently involved in claims, especially when there are younger drivers. Higher insurance premiums are inevitable for high-performance and luxury vehicles ...

    http://www.scmp.com/comment/insight-opinion/article/1060400/insurers-right-limit-cover-young-ferrari-drivers
  8. Business - China Business

    NDRC investigates use of bond proceeds

    Posted Apr 10th 2014, 01:01am by BLOOM

    ... financing vehicles (LGFVs). The inspection comes just weeks after Shanghai Chaori Solar Energy Science & Technology, a maker of solar cells, became the first mainland company to default on onshore securities when it failed to fully pay interest on a bond on March 7. Local-government financing vehicles, a means by which provinces and regions raise funds, must repay 352.6 billion yuan ...

    http://www.scmp.com/business/china-business/article/1472132/ndrc-investigates-use-bond-proceeds
  9. Comment - Insight & Opinion

    The road to cleaner vehicles in Hong Kong and in mainland China

    Posted Apr 03rd 2014, 04:31pm by Freda Fung

    ... Freda Fung Freda Fung says the mainland and HK have a unique chance to curb pollution by adopting stricter EU and US vehicle emission standards Clear road People in Hong Kong who care ... vehicles. And the end of March marked the completion of a government-funded programme for replacing the catalytic converters and sensors of petrol and LPG taxis and light buses. More than 70 per ...

    http://www.scmp.com/comment/insight-opinion/article/1463699/road-cleaner-vehicles-hong-kong-and-mainland
  10. Business - Companies - MOTORING

    General Motors recalls 1.5 million vehicles over ignition defects

    Posted Mar 29th 2014, 03:18pm by AFP

    ... Agence France-Presse in New York General Motors makes second re-inspection in as many months as safety fears mount Troubled carmaker recalls 1.5m vehicles General Motors has recalled a further 1.5 million vehicles, some for possible problems with ignitions blamed for 12 deaths. Last month, GM called back 1.6 million cars amid questions over why it had taken years to address ...

    http://www.scmp.com/business/companies/article/1460256/general-motors-recalls-15-million-vehicles-over-ignition-defects

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