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Article: AIU INSURERS CHINESE BANKS AGAINST FORGED CURRENCY
- Article from:
- AsiaInfo Services
- Article date:
- January 15, 2009
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AsiaInfo Services
01-15-2009
AIU Insurers Chinese Banks against Forged Currency
SHANGHAI, Jan 15, 2009 (SinoCast Daily Business Beat via COMTEX) -- American International Underwriters (AIU) launched a comprehensive property insurance product in China days ago for local banking institutions, citing a report.
Insured banks could get indemnities from AIU, the overseas property-casualty insurance arm of American International Group, if they suffered false coins or forged notes. Besides, the product insures banks against employees' fraud, dacoity during cash transportation, and robbery and theft in operating sites.
Presently, a certain amount of forged CNY 100 renminbi coded HD90 and HB is ...