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Liability tag returned 89 results

  • ChangAn P&C moves registered HQ to Anhui

    ChangAn P&C Insurance, reinvigorated following a capital injection last year, has moved its registered headquarters from Beijing to Bengbu, a mid-sized city in Anhui Province. This makes the insurer the second insurance company to have its registered headquarters in the province.

    China | 21 Feb 2020
  • China bears US$900bn a year in costs of air pollution from fossil fuels

    Air pollution caused by fossil fuels is costing China $900bn each year, through greater likelihood of respiratory and non-communicable diseases, years of life lost through premature deaths, and when people miss work, according to a new study released by environmental advocacy group Greenpeace and the Centre for Research on Energy and Clean Air.

    China | 21 Feb 2020
  • Asia: Insurance pricing shows highest composite increase in 5 years

    Insurance pricing in the fourth quarter of 2019 in Asia increased by 6% year-over-year, the largest composite increase in the region in five years, according to Marsh's Global Insurance Market Index for 4Q2019.

    Asia | 19 Feb 2020
  • Pacific: Region shows highest insurance pricing increase in 4Q2019

    Insurance pricing in the fourth quarter of 2019 in the Pacific region, which is dominated by the Australian market, increased by 20%, continuing an upward trend that began in 2015, according to Marsh's Global Insurance Market Index for 4Q2019.

    Asia | 18 Feb 2020
  • Indonesia: Govt to establish agency to provide guarantees to protect policyholders

    The government is preparing to establish an agency that can act as a guarantor of insurance companies, to protect the interests of policyholders, according to deputy finance minister Suahasil Nazara.

    Asia | 16 Jan 2020
  • Increased competition in litigation-related liability cover drives premium rates lower

    Insurance companies are competing in providing litigation-related liability cover to facilitate litigation and arbitration proceedings, notes the Chinese legal services firm, AnJie Law Firm.

    China | 10 Jan 2020
  • India: Council proposes liability limit for third-party motor insurance

    When it comes to third-party (TP) motor insurance claims in India, the General Insurance (GI) Council has suggested placing a cap of INR1m ($14,400) to the liability of general insurers while any remaining amount would be paid out from the 'Motor Vehicle Accident Fund'.

    Asia | 24 Dec 2019
  • Australia: Govt to meet insurers in Feb 2020 to address PI insurance premiums

    The Building Ministers' Forum (BMF) which met in Canberra last Friday, agreed to convene a meeting in February 2020 with the Insurance Council of Australia to discuss a suite of measures to reduce the cost and improve the availability of professional indemnity insurance premiums for building industry practitioners. The BMF oversees policy and regulatory issues affecting Australia's building and construction industries.

    Asia | 17 Dec 2019
  • Taiwan: Mandatory insurance for Uber Eats, Foodpanda drivers

    Taiwan's Ministry of Labour (MOL) has reacted to the death of two delivery drivers from Uber Eats and Foodpanda in traffic accidents by telling food delivery companies they must compulsorily insure their delivery drivers during working hours, reported the Central News Agency. This will require these companies to purchase both personal insurance and non-life insurance for their drivers.

    Asia | 05 Dec 2019
  • Japan compels cyclists and bike rental companies to buy liability insurance

    Japan is seeing increased use of bicycles amidst a national fitness boom, although it has led to more accidents, serious injuries and even deaths. A series of court rulings have ordered substantial pay-outs when pedestrians get killed or are seriously injured in accidents and insurance plays a significant role in helping bicycle users shoulder such financial costs.

    Asia | 02 Dec 2019

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