Reuters: A state-owned Chinese insurer will offer residents of Beijing insurance cover against health risks caused by air pollution, promising to pay out 1,500 yuan ($240) to policy holders hospitalized by smog.
The policy, available for 10-50 year olds, will also pay out 300 yuan ($48.56) when the city's official smog index exceeds 300 for five consecutive days, a level considered "hazardous", according to a notice posted on the People's Insurance Company of China (PICC) website (www.epicc.com.cn).
Beijing's...