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Finance GreenWatch » 2. Insurance

China Banking Regulatory Commission issued the Green Credit Directive(Green Watershed)

China Banking Regulatory Commission issued the Green Credit Directive(Green Watershed)

 We have an encouraging news to share here. China Banking Regulatory Commission released the Green Credit Directive on 24th Feb (last Friday). … Read entire article »

Filed under: 1. BANK, 2. Insurance, 3. Securities firm, 4. Asset management & Pension

Global Disaster Losses Already At Record Y21tln This Year(Nikkei)

The economic damage from natural disasters has reached roughly 265 billion dollars, or about 21 trillion yen, in the first six months of 2011, surpassing the previous full-year record of 220 billion dollars in 2005, according to leading reinsurer Munich Re. … Read entire article »

Filed under: 2. Insurance, 8.Eathquake & Nuclear accident

Insurers To Cover All Quake Payments: New Group Chief(Nikkei)

TOKYO (NQN)–The General Insurance Association of Japan said Thursday that payments to cover damages caused by the Great East Japan Earthquake had reached 1.03 trillion yen as of Wednesday, with the number of reported cases hitting 578,535. … Read entire article »

Filed under: 2. Insurance, 8.Eathquake & Nuclear accident

March 11 Insurance Payouts 12 Times Greater Than Kobe Quake Total(Nikkei)

TOKYO (NQN)–The General Insurance Association of Japan said Thursday that 974.5 billion yen in earthquake insurance claims have been paid since the March 11 disaster, representing 533,480 cases as of June 15. … Read entire article »

Filed under: 2. Insurance, 8.Eathquake & Nuclear accident

UNEP FI Principles for Sustainable Insurance consultation goes up north (UNEP FI)

After two ground-breaking consultation meetings in the Southern Hemisphere, Canada hosted from 12 to 13 June 2011 the third of seven United Nations-convened regional consultations that make up a global process to develop a set of sustainability principles for the insurance industry. … Read entire article »

Filed under: 2. Insurance

Quake reinsurance rates rise 20-60%, Swiss firm says(Bloomberg)

Reinsurers, taking record first-quarter losses on the Tohoku earthquake and other disasters, are raising prices for coverage of temblors in Japan by as much as 60 percent, Swiss Reinsurance Co. said. … Read entire article »

Filed under: 2. Insurance, 8.Eathquake & Nuclear accident