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China Taiping Insurance Group Co. brought in more than CNY 43.8 billion premium revenue from public and non-public vehicles in 2010, leaping by 40 percent year on year, chairman Lin Fan disclosed in a January 23 interview. The group grew total assets and net assets to CNY 136.8 billion and CNY 16.8 billion as of [...]
Archive for January, 2011
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CITIC-Prudential Life to Move from Guangzhou to Beijing
Posted by gary on January 31st, 2011
CITIC-Prudential life insurance Company Ltd. has decided to move the head office from Guangzhou to Beijing. As a joint venture life insurance firm, CITIC-Prudential Life has CITIC Group as the majority shareholder, who has abundant customer resources in Beijing. Therefore, the removal of the head office is expected to further drive the business development of [...]
Ping An of China 2010 Premium Income Topped CNY200bn
Posted by gary on January 20th, 2011
Ping An Insurance (Group) Company of China Ltd. (SHSE: 601318, SEHK: 2318) recorded more than CNY 226.56 billion in premium revenue in 2010 in terms of the standards prior to new accounting principles, according to an announcement it posts on January 18. The premium income from Ping An’s life insurance, property insurance, health insurance and [...]
Secretary Vilsack: Rural America needs health care law
Posted by gary on January 20th, 2011
Wanted to make sure you saw this op-ed that ran in The Chatham Star Tribune by Agriculture Secretary Tom Vilsack about the importance of the new health care law to rural Americans. As always, please let me know if you have any questions! Rural America needs health care law By Agriculture Secretary Tom Vilsack Recent [...]
Kline Remarks on Repealing the Democrats’ Government Takeover of Health Care
Posted by gary on January 20th, 2011
WASHINGTON, D.C. — U.S. House Education and the Workforce Committee Chairman John Kline (R-MN) delivered the following remarks today on the floor of the House of Representatives during debate on legislation that would repeal the Democrats’ government takeover of health care: “For 20 consecutive months more than 14 million Americans have been unemployed. As much [...]
Tags: Health Care Reform Law Fact Check: The Health Reform Law Hurts Our Economy
Posted by gary on January 20th, 2011
Health Care Reform FACT CHECK: The Health Reform Law Hurts Our Economy What Republicans are Saying: Rep. John Fleming said: “With higher taxes and more constrictions on businesses… employed Americans will continue to decline or become an endangered species altogether.” Here Are the Facts: While Americans are still facing tough times, employment is not in [...]
Insurance policies need regulation: Queensland Treasurer
Posted by gary on January 20th, 2011
The Australian insurance industry can self-regulate to properly define storm and flood damage or it might find a new flood insurance regime imposed upon it, Queensland’s treasurer says. Treasurer Andrew Fraser said that to homeowners there is no apparent difference in the damage caused by storm, flash-flooding or riverine-flooding. * “Certainly, the clean-up required does [...]
Insurance Council Australia calls for Queensland flood data
Posted by gary on January 20th, 2011
Queenslanders lack flood insurance available to other Australians because local governments have failed to provide detailed flood mapping data, according to the Insurance Council of Australia (ICA). The council says there is far greater flood coverage in NSW, WA and South Australia because flood mapping and data has been made available to the industry. * [...]
INDIAN FIRM BAJAJ FINSERV’S DECEMBER QTR NET PROFIT UP 3-FOLD
Posted by gary on January 20th, 2011
Bajaj Group’s financial services arm Bajaj Finserv (BSE:532978) reported over three-fold jump in its consolidated net profit at Rs 106.78 crore (US$23.58 million), for the quarter ended December 31, over the same period last year. The company had a net profit of Rs 34.86 crore in October-December quarter last fiscal year, the company informed the [...]
