Jul 24, 2014

Protective Life shareholder sues over $5.7 billion Dai-ichi deal

Protective Life Corp. is being sued by a shareholder who says a proposed $5.7 billion purchase of the company by Dai-ichi Life Insurance Co. is unfair to investors because other potential bidders were locked out. Dai-ichi, the nation’s second-largest life insurer, announced last month ...

Jul 3, 2014

Fire insurance premiums expected to rise 3.5% next year

An organization of casualty insurance companies said it will raise benchmark rates used to set member companies’ fire insurance premiums by an average of 3.5 percent to cope with increasing payouts following recent natural disasters. The General Insurance Rating Organization of Japan said Wednesday ...

Oct 28, 2013

Insurers' loan screening falls short

Three life and five nonlife insurers regularly extend loans via nonbank lenders without screening the borrowers themselves, sources said. The five nonlife insurers left the screening to the consumer lenders, while the three life insurers failed to screen most of the borrowers after the ...