PRC Court Pierced the Veil of Co-insurance and Found Reinsurance Relationship Established Between the Insurers

By Jia WAN

In a recent case published by Beijing Financial Court (the “BFC”), which was represented by AnJie Broad and classified as one of the typical financial cases for the year of 2022, the BFC pierced the veil of “co-insurance”, and confirmed that reinsurance legal relationship was established between two insurers.

The dispute arose out of the “co-insurance agreement” entered by PICC and China Life where the two insurance companies had disagreement as to the amount that PICC should … Read the rest

Still no source found in Salmonella outbreak; other investigations ongoing at FDA

The number of patients confirmed in an outbreak of infections from Salmonella Braenderup has increased from 63 to 70 in the past week, according to the Food and Drug Administration.

The agency first posted the outbreak on June 22. As of July 21 the FDA has begun traceback efforts, but has not released what food or foods are being traced. Also, the FDA has not released any specific information about the patients such as their ages or where they live.… Read the rest