Insurance watchdog probes into sub-prime impact
In the latest move guarding against the US subprime shock, the country’s insurance watchdog has asked domestic insurers to make an instant but extensive assessment on potential risks, the Shanghai Securities News reported on Tuesday. In two directives issued several days ago, the China Insurance Regulatory Commission (CIRC) asked insurers to report details of their projects reinsured by US companies, especially the American International Group (AIG) and its subsidiaries between January and Jun
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