May 19, 2015

Nippon Life to buy insurance agencies operator

Nippon Life Insurance Co. plans to acquire an operator of independent insurance agencies to expand sales channels and better respond to customer demands, sources close to the matter said Tuesday. Nippon Life, one of the biggest Japanese life insurers, will buy a more than ...

Mar 31, 2015

Administration to push major revisions to Civil Code

The Abe administration gave the go-ahead Tuesday to carry out major revisions to claims-related sections in the Civil Code for the first time in about 120 years. The proposed revisions to the Civil Code, which was established in 1896, are designed to introduce rules ...

Mar 11, 2015

Four Japanese life insurers mull dividend hikes

Four major life insurers are expected to increase dividend payments to individual policyholders for fiscal 2014, which ends this month, informed sources said Wednesday. Nippon Life Insurance Co. will raise payments for the first time since fiscal 2007, before the financial crisis following the ...

Mar 6, 2015

Sompo Japan to purchase 15% stake in French re-insurer Scor

Sompo Japan Nipponkoa Holdings Inc. will buy a 15 percent stake in French re-insurer Scor SE in potentially its biggest-ever overseas investment. The insurer will initially buy 7.8 percent from Swiss fund Patinex AG and eventually increase ownership to at least 15 percent, including ...

Mar 5, 2015

TV celeb Rola's dad gets suspended term for insurance fraud

The Tokyo District Court on Thursday sentenced the father of television personality Rola to two years and six months in prison, suspended for four years, for swindling the national medical and insurance system out of ¥1.67 million ($14,000). In handing down the ruling on ...

Feb 6, 2015

U.S. states probe massive data breach at health insurer Anthem

Several U.S. states are investigating a massive cyberattack on No. 2 U.S. health insurer Anthem Inc. that a person familiar with the matter said is being examined for possible ties to China. Anthem disclosed the attack late Wednesday, saying unknown hackers had penetrated a ...

Obama picks new health care chief

Apr 14, 2014

Obama picks new health care chief

President Barack Obama’s new nominee for health secretary drew some early political fire from Republicans on Sunday in what could foreshadow a stormy election-year confirmation debate in the U.S. Senate over the future of the law known derisively as “Obamacare.” Two days after Obama ...

Feb 11, 2014

Tokio Marine admits to more insurance nonpayment cases

Tokio Marine & Nichido Fire Insurance Co. said Monday it may have failed to pay up to 25,000 additional cases of unclaimed auto insurance benefits. The benefits in question were due to be paid under two accessory policies covering, respectively, up to ¥100,000 of ...