Lacking riot insurance, Hong Kong businesses pick up pieces from protest damage
Hong Kong's businesses will likely foot the bill for vandalism inflicted over the past four months during the territory's most violent protests in living memory as few of them bought insurance coverage for riot damage, industry insiders said. Businesses big and small have suffered smashed ...
Japan Post CEO vows to restore trust in wake of insurance scandal
Japan Post Holdings Co.'s top executive vowed Monday to restore public trust after thousands of customers were missold insurance policies. Chief Executive Officer Masatsugu Nagato made the remarks after bowing in apology at a news conference in Tokyo. In an interim report, Japan Post said it ...
Japan insurers expect ¥300 billion in payouts linked to Typhoon Faxai
Nonlife insurers in Japan are braced for about ¥300 billion in benefit payments due to damage from Typhoon Faxai, an industry leader has said. The total may reach the amount paid when the country was hit by Typhoon Trami last year, Yasuzo Kanasugi, chairman of ...
Keidanren urges caution on using workers' insurance funds to aid Japan's 'ice age generation'
The Japan Business Federation, or Keidanren, on Tuesday called on the government to cautiously study its idea of using reserve funds under the employment insurance system for the purpose of assisting people in the employment "ice age generation." The push is part of Keidanren's proposals ...
Japan Post uncovers nearly 20,000 cases of improper investment trust sales
Japan Post Bank has said that it has found 19,591 cases of improper investment trust sales since April last year. The cases involve the violation of internal rules that govern sales of investment trusts to customers age 70 or older, the Japan Post Holdings Co. ...
Tokyo pushes bill obliging cyclists to have liability insurance amid rise in accidents
The Tokyo Metropolitan Government submitted an amendment that would oblige cyclists to purchase liability insurance following a series of bicycle accidents in which pedestrians were severely injured.
Japan Post Insurance to check 30 million insurance contracts after improper sales practices found
Japan Post Holdings Co. said Wednesday the group will examine all 30 million insurance contracts created for Japan Post Insurance Co. that have been in effect during the past five years, after evidence surfaced of inappropriate sales practices. The parent company said the Japan Post ...
Japan Post Insurance policies affected by sales scandal double to 180,000
The sum roughly doubled from the previously recognized number of 93,000 after the company checked all of its new 10 million contracts concluded over the five years through fiscal 2018.
Japan Post likely to scrap insurance sales quotas during current fiscal year
Japan Post Co. is planning to scrap sales quotas assigned to post office workers for products of Japan Post Insurance Co. in fiscal 2019, which ends next March, it was learned Sunday. Japan Post hopes to put priority on dealing with customers who have been ...
Japan Post weighs halt to commissioned insurance sales after mismanagement reports
Japan Post Co. is considering suspending commissioned sales of insurance products from private companies such as Nippon Life Insurance Co. through post offices across the nation, sources have said. The move comes after the revelation last month of inappropriate sales practices by Japan Post employees ...
Tokio Marine to launch probe of car insurance products sold by Japan Post
Tokio Marine & Nichido Fire Insurance Co. will conduct a probe into a car insurance products that have been sold by Japan Post Co. on commission, it has been learned. The move to launch the survey on the actual situation of the products, which were ...
