NEWSWORTHY
Bridge collapse costs Genoa companies €422 million in damages: Chamber of Commerce
The collapse of a bridge in Genoa, which claimed 43 lives, has cost companies in the Italian city around €422 million ($482 million) in damages, the Genoa Chamber of Commerce said. The chamber's estimate was based on a survey of hundreds of companies affected after ...
Administration of President Donald Trump finalizes birth control opt-out policy
A day after Republicans expanded their Senate majority, the Trump administration on Wednesday finalized a policy change that allows some employers with religious or moral objections to opt out of providing no-cost birth control for female workers. The new regulations from several federal agencies apply ...
U.S. warns nations not to allow Iranian oil tankers to call at their ports, issues insurance threat
The United States is warning foreign countries not to allow Iranian oil tankers into their territorial waters or ports. The State Department says that such access may run afoul of U.S. sanctions and not only incur penalties but could result in catastrophic economic and environmental ...
Hackers breach U.S. HealthCare.gov system, get data on 75,000 people
A U.S. government computer system that interacts with HealthCare.gov was hacked this month, compromising the sensitive personal data of some 75,000 people, officials said Friday. The Centers for Medicare and Medicaid Services made the announcement late in the afternoon ahead of the weekend, a time ...
General Electric has ousted its CEO, announced it took a $23 billion charge and said it would fall short of profit forecasts this year, further signs that the century-old industrial conglomerate is struggling to turn around its vastly shrunken business. H. Lawrence Culp Jr. will ...
Insurance body says settlements over June's Osaka earthquake have topped ¥86 billion
Insurance payments to individuals affected by the powerful earthquake that hit northern Osaka Prefecture in June had reached ¥86.6 billion as of Sept. 12, the General Insurance Association of Japan said Thursday. The figure exceeded the ¥78.3 billion paid out after the 1995 Great Hanshin ...
For Lifull president Takashi Inoue, emerging tech and a touch of altruism are key to success
Takashi Inoue wants to transform his company, Lifull Co., into a one-stop shop for important lifestyle goods and services, where customers don't just make purchases but are able to get information about what they are buying as well. Adding to Lifull's varied product offerings — ...
40% of Japan's health insurance societies seen posting losses in 2017; some may disband
Over 40 percent of the 1,394 health insurance societies set up for employees of large companies and their families are expected to report losses for fiscal 2017 ended March, sources said. In the previous year, the ratio was lower at 38.7 percent. As a whole, the ...
Dai-ichi Life Holdings Inc. said Tuesday it would buy Suncorp Life, an Australian life insurance unit of Suncorp Group, for 640 million Australian dollars ($460 million), the latest overseas expansion for a Japanese insurer grappling with a shrinking domestic market. Dai-ichi Life said in a ...
Insurers bolster dementia insurance offerings as Japan grays
Insurers are competing to offer dementia insurance products and related services as Japan’s population continues to rapidly gray.
Japan's health insurance system remains deficit-ridden despite reforms
The national health insurance program underwent a major reform at the start of fiscal 2018 that saw prefectures, rather than municipalities, begin managing the deficit-ridden system to improve its financial base. The program, called kokumin kenkō hoken in Japanese, covers the self-employed, pensioners, nonregular workers ...
Japan eyes expansion of corporate pension and insurance schemes to cover more part-timers
The government plans to allow more part-time workers to join the corporate pension and health insurance programs, hoping it will reinforce the financial base for Japan's overall pension and health insurance systems, sources said Monday. Currently, part-timers who put in at least 30 hours a ...
