Insurance industry regulation

March 28, 2018 - 12:29 am
BEIJING (AP) — The founder of the Chinese insurer that owns New York City's Waldorf Hotel went on trial Wednesday on charges of fraud and abusing his position for personal benefit. Wu Xiaohui, chairman of Anbang Insurance Group, was detained last year and regulators took control of privately owned...
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FILE - In this March 9, 2018, file photo, Yi Gang, vice governor governor of the People's Bank of China, speaks during a press conference held on the sidelines of the annual meeting of China's National People's Congress (NPC) in Beijing. Yi outlined sweeping plans Sunday, March 25, 2018 to rein in rising debt and financial risk, but expressed confidence that Beijing can prevent potential dangers. (AP Photo/Aijaz Rahi, File)
March 25, 2018 - 5:05 am
BEIJING (AP) — China's new central bank governor outlined sweeping plans Sunday to rein in rising debt and financial risk, but expressed confidence that Beijing can prevent potential dangers. High debt levels for Chinese state-owned companies, local governments and households are "still a challenge...
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Speaker of the House Paul Ryan, R-Wis., speaks during a news conference about the massive government spending bill moving through Congress, on Capitol Hill in Washington, Thursday, March 22, 2018. (AP Photo/J. Scott Applewhite)
March 22, 2018 - 8:00 pm
WASHINGTON (AP) — Congress was poised to pass a giant $1.3 trillion spending bill that would end the budget battles for now, but not without risking another shutdown as conservatives objected to big outlays on Democratic priorities at a time when Republicans control the House, Senate and White...
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Speaker of the House Paul Ryan, R-Wis., meets with reporters following a closed-door Republican strategy session on Capitol Hill in Washington, Tuesday, March 20, 2018. Ryan says he's hoping bargainers can resolve the final disputes in a government-wide spending bill in time for Congress to begin voting Thursday on the measure. (AP Photo/J. Scott Applewhite)
March 20, 2018 - 11:00 am
WASHINGTON (AP) — Battles over priorities in a huge government-wide spending bill are essentially settled, leaving a scaled-back plan for President Donald Trump's border wall and a huge rail project that pits Trump against Capitol Hill's most powerful Democrat as the top issues to be solved. A...
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FILE - In this Dec. 22, 2017, file photo, the U.S. Capitol in the early morning in Washington. Top-level Capitol Hill talks on a massive $1.3 trillion catchall spending bill are reaching a critical stage as negotiators confront immigration issues, abortion-related controversies, and a battle over a massive rail project that pits President Donald Trump against his most powerful Democratic adversary. (AP Photo/J. Scott Applewhite, File)
March 19, 2018 - 9:08 pm
WASHINGTON (AP) — Capitol Hill Democrats have rejected a White House bid to extend protections for so-called Dreamer immigrants in exchange for $25 billion in funding for President Donald Trump's long-sought border wall as Washington talks on a $1.3 trillion catchall spending bill hit a critical...
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FILE - In this Oct. 18, 2017, file photo Sen. Patty Murray, D-Wash., the ranking member, and Sen. Lamar Alexander, R-Tenn., chairman of the Senate Health, Education, Labor, and Pensions Committee, talk before the start of a hearing on Capitol Hill in Washington. The polarizing politics of abortion have burst into the congressional budget debate, overwhelming bipartisan efforts to help millions of consumers who buy their own health insurance policies get relief from soaring premiums. Lawmakers of both parties have been negotiating over a health insurance stabilization bill for months, and some experts estimate such legislation could reduce premiums by 20 percent to 40 percent, after two years of relentless increases. One of the leading Democratic negotiators, Murray, on March 19, 2018, called the Republican offer “partisan,” adding that it came as a surprise.(AP Photo/J. Scott Applewhite, File)
March 19, 2018 - 8:22 pm
WASHINGTON (AP) — The polarizing politics of abortion have burst into the congressional budget debate, overwhelming bipartisan efforts to help millions of consumers who buy their own health insurance policies get relief from soaring premiums. On Monday, Senate and House Republicans released their...
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Delegates from the People's Liberation Army leave the Great Hall of the People after attending a plenary session of China's National People's Congress (NPC) in Beijing, Tuesday, March 13, 2018. Chinese President Xi Jinping's anti-corruption campaign stands to gain a major boost as the ceremonial legislature moves to establish a powerful new agency with authority over vast numbers of workers in the public sector. (AP Photo/Andy Wong)
March 13, 2018 - 4:06 am
BEIJING (AP) — Following passage of a constitutional amendment potentially making him president-for-life, China's Xi Jinping moved to further expand his powers Tuesday with the establishment of a powerful new anti-corruption agency. The move is part of a sweeping government reorganization aiming to...
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March 12, 2018 - 11:51 pm
BEIJING (AP) — China's government has announced plans to merge its banking and insurance regulators into a more powerful agency to control scandal-plagued finance industries that are struggling with debt. The plan to create the new agency was submitted Tuesday to the country's ceremonial...
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Chinese Premier Li Keqiang, right, returns to his seat near Chinese President Xi Jinping during the opening session of the annual National People's Congress in Beijing's Great Hall of the People, Monday, March 5, 2018. China's government pledged Monday to deliver robust growth, pursue advanced technology and boost military spending while urging the public to embrace President Xi Jinping's rule as its ceremonial legislature prepared for changes to allow him to stay in power indefinitely.(AP Photo/Ng Han Guan)
March 05, 2018 - 5:44 am
BEIJING (AP) — China's top economic official set a robust growth target Monday and promised more market opening and cuts in a bloated steel industry that has inflamed trade tensions with Washington and Europe. The growth target of "around 6.5 percent" announced by Premier Li Keqiang to China's...
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West Virginia Gov. Jim Justice addresses at news conference, Tuesday, Feb. 27, 2018, at the state Capitol in Charleston, W.Va. Justice announced that striking teachers would return to work on Thursday, and that he’s offering teachers and school service personnel a 5-percent pay increase in the first year. (AP Photo/John Raby)
February 27, 2018 - 7:48 pm
CHARLESTON, W.Va. (AP) — Striking teachers in West Virginia are to return to the classroom on Thursday, Gov. Jim Justice said in announcing he is offering teachers and school service personnel a revised 5 percent pay raise in the first year to end their statewide walkout. Justice made the...
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