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Banking, Finance and Insurance

Accident underwriters recover from start up losses
By STAFF EDITOR
Published: December 03, 2007 12:00 PM
Only two of 24 Chinese underwriters for the compulsory road accident insurance scheme introduced last year made money in the first six months of the scheme while the other 22 reported a combined net loss of US$527.03 million (RMB3.9 billion), according to a China Insurance Regulatory Commission audit, the China Securities Journal reported. However, in the ...
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