Days ago, the insurer's local branch singed intent agreements about offerings of such products with 25 pilot companies, such as Wuxi General Petrochemical Works. These companies are separated in six types in terms of environmental pollution accident probability, main business, and location.
In detail, the insurants include dangerous chemical storers and transporters, dangerous waste treaters, refuse landfills, sewage works, and companies in local industrial parks.
In addition, Jiangsu Province start the trial run of the business in July 2008, mainly as an effort to protect the environment of local water areas. About two months later, the Hubei provincial government set aside CNY 2 million to subsidize the purchase of environmental pollution liability insurance products. In the same year, Hunan Province selected 18 companies engaged in petrochemical, nonferrous metal and steel production as the pilots of the business.
Source: dycj.ynet.com (June 18, 2009)

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