How to Learn About Insurance Law and Practises In China
The title says it all.
As both Liberty Mutual and SunLife Insurance begin a major push into the P.R. China, market share will shift.
I am a Canadian Insurance expert lawyer, currently teaching English at a Vocational College in Jinan.
I am intrigued by the American Insurance push into China.
I obtained a Juris Doctorate of Law in Washington, practised there a bit, and returned to Canada to set up shop about 20 years ago.
I wish to learn of Insurance practises in China.
How is a car accident injury claim settled?
What are the heads of damages?
How are General Damages for pain and suffering,Loss of Past and Prospective Income, Past and Future Care, Housekeeping, Retraining,
Costs, Incidental Special Damages, and Interest calculated?
Is there a P.P.D. percentage for Orthopedic disability in place?
How is consistency in Awards and settlement assured, OR is it just "hit and miss" as it was in Canada for many years, before a systemized approach was established?
What about Mediation?
Is Mediation, by an unbiased third party in place, to avoid expensive litigation?
Without precautions to avoid litigation, how will China avoid the horrific learning curve hit by both the USA and Canadian Governments, as people become more aware of their rights in serious injury claims, and seek plausible solutions, pitted against Insurers overwhelmed by new and aging claims, eroding their bottom line.
Just curious...
Regards,
Warren J. Yake
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Language pair: English; Latin
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WarrenJ Y.
October 17, 2003
# Msgs: 2
Latest: December 8, 2003
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