Tag - insurance

 
 

INSURANCE

BUSINESS
Aug 27, 2020
In wake of insurance scandal, new Japan Post chief says sales of policies to resume
Japan Post said an additional 642 workers, including salespeople, are now subject to disciplinary measures related to the insurance scandal.
Japan Times
BUSINESS
Jul 8, 2020
Japan nonlife insurers to raise premiums 6-8% in wake of disasters
Four major Japanese nonlife insurers plan to raise their fire insurance premiums for homes by a national average of 6 to 8 percent in January 2021, sources said Wednesday.
Japan Times
BUSINESS / Companies
Jun 8, 2020
Seven-Eleven to sell life insurance at its convenience stores
Seven-Eleven Japan Co. said Monday it will start selling life insurance at its over 20,000 outlets nationwide, the first such case at a convenience store, as the need for contactless sales grow due to the new coronavirus pandemic.
Japan Times
JAPAN
Mar 28, 2020
Flying low: The battle over Tokyo’s airspace
Haneda Airport's new flight paths commence despite concerns from aviation experts and public opposition.
Japan Times
BUSINESS
Mar 25, 2020
Japan Post gets proposal to cut 10,000 jobs amid falling revenue
Japan Post Holdings Co. has received a proposal by a group company to cut 10,000 jobs, as the scandal-hit company seeks to offset deteriorating earnings in the financial business by slashing labor costs, a source close to the matter said Monday.
Japan Times
BUSINESS / Companies
Mar 13, 2020
Japan Post group to halve recruits in 2021 after insurance scandal
Japan Post Holdings Co. plans to hire 2,055 new graduates in April 2021, less than half of some 4,300 slated to start working for the postal service group next month.
Japan Times
BUSINESS / Companies
Feb 28, 2020
Over 1,400 Japan Post workers improperly sold insurance products, probe finds
The Japan Post Holdings Co. group said Thursday it had confirmed Japan Post Insurance Co. products were sold improperly by 1,447 post office workers.
BUSINESS / Companies
Feb 5, 2020
Aeon Financial Service to enter life insurance market
Aeon Financial Service Co. has announced a plan to enter the life insurance business by acquiring a Japanese unit of German insurer Allianz SE.
Japan Times
BUSINESS / Companies
Feb 1, 2020
Japan Post to probe more insurance contracts as sales scandal grows
Japan Post Holdings Co. says it will look into 220,000 more insurance contracts — signed by around 60,000 customers — that are suspected of being part of a widening scandal involving improper sales.
Japan Times
BUSINESS
Jan 30, 2020
Japan Post Insurance misconduct may have hit 60,000 more customers
Improper sales practices for Japan Post Insurance Co. products may have disadvantaged 60,000 more customers than previously known, sources have said.
Japan Times
BUSINESS
Jan 16, 2020
Japan's FSA to cut automobile liability insurance premiums
The Financial Services Agency decided Thursday to reduce compulsory automobile liability insurance premiums from April.
Japan Times
JAPAN / Media / MEDIA MIX
Jan 11, 2020
Japan Post Holdings drags its heels on insurance sales scandal
On Dec. 27, the top three executives of Japan Post Holdings Co. announced they would be resigning on Jan. 5 over the insurance sales scandal that first came to light more than a year and a half ago. The announcement comes on the heels of an order from the Financial Services Agency for subsidiaries of...
Japan Times
BUSINESS / Companies
Jan 10, 2020
New Japan Post chief vows to probe leak from ministry on insurance scandal
Hiroya Masuda, the new president at Japan Post Holdings Co., vowed Thursday to investigate a leak to the group of information about administrative punishments that were under consideration in relation to its improper sales of insurance products.
Japan Times
BUSINESS / Companies
Jan 6, 2020
New Japan Post chief vows to regain trust as ex-bureaucrats take reins after scandal
New Japan Post Holdings Co. President Hiroya Masuda pledged Monday to regain the public's trust in the former state-owned postal group now being rocked by scandal.
Japan Times
BUSINESS / Companies
Dec 27, 2019
Execs quit as Japan Post units ordered to halt insurance sales for three months
Japan Post Holdings CEO Masatsugu Nagato, Japan Post Insurance President Mitsuhiko Uehira and Japan Post President Kunio Yokoyama are all resigning over the scandal.
Japan Times
BUSINESS / Companies
Dec 26, 2019
Former minister Hiroya Masuda to lead Japan Post after insurance scandal
Hiroya Masuda, a former minister of internal affairs and communications, will replace Masatsugu Nagato as president of Japan Post Holdings Co., effective early next year, a source familiar with the plan said Thursday.
Japan Times
BUSINESS / Companies
Dec 21, 2019
Financial watchdog considers three-month sales halt at Japan Post units
The financial watchdog is considering imposing a three-month suspension of new sales of insurance products at two subsidiaries of the former state-owned postal services group, sources close to the matter said Saturday.
Japan Times
BUSINESS / Companies
Dec 21, 2019
Vice minister of internal affairs quits over leak of penalties to scandal-hit Japan Post
The move is another example of the cozy relations between ministry officials and the Japan Post group.
Japan Times
WORLD / Politics
Dec 20, 2019
'Obamacare' ruling likely to haunt Trump in 2020
While the eyes of America were on the House vote to impeach President Donald Trump, a court ruling to leave the fate of the Affordable Care Act, also known as "Obamacare," up in the air may be a bigger risk to his 2020 re-election hopes.
Japan Times
BUSINESS / Companies
Dec 19, 2019
Japan Post CEO weighs resigning over improper insurance sales
The top executive of Japan Post Holdings Co. said Wednesday he is considering resigning in the wake of a probe that uncovered more than 12,000 cases of suspected improper sales of insurance products at two subsidiaries in the five years through March 2019.

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