Tag - insurance



Japan Times
BUSINESS / Markets
Dec 17, 2019
Japan Post units may be ordered to suspend some operations due to dodgy insurance sales
The agency may order the units to halt sales and some other operations after an on-site investigation found cases violating the insurance business law.
Japan Times
Dec 16, 2019
Irregularities suspected in sales of around 10,000 Japan Post insurance policies
The number is far bigger than the 6,327 contracts highlighted in an interim report in September on inappropriate sales practices at the group.
Japan Times
Dec 15, 2019
Japan sees local government sign-ups for evacuation insurance triple in 18 months
Evacuations are such a major expense for cities, towns and villages that government sign-ups for disaster insurance have nearly tripled, an insurer says.
Japan Times
Dec 11, 2019
U.S. Supreme Court justices lean toward insurers over $12 billion in Obamacare claims
U.S. Supreme Court justices on Tuesday appeared sympathetic to claims made by health insurers seeking $12 billion from the federal government under a program set up by the Obamacare law aimed at encouraging them to offer medical coverage to previously uninsured Americans.
Dec 5, 2019
Pirates board supertanker off Nigeria and kidnap 19 crew members
Pirates boarded a fully loaded supertanker off the coast of Nigeria, an act that is sure to ring alarm bells for insurers about the risk of collecting oil from Africa's biggest producer.
Japan Times
Dec 1, 2019
Local governments in Japan adopt ordinances mandating bicycle insurance
A growing number of local governments are introducing ordinances to obligate bicycle riders and rental companies to take out liability insurance.
Japan Times
Nov 26, 2019
'Unfit' Uber loses London license over safety lapses
Uber was stripped of its license to carry paying passengers in London on Monday for the second time in just over two years, pending an appeal, over a "pattern of failures" on safety and security.
Japan Times
Nov 22, 2019
Jeremy Corbyn has a radical Labour message. Can he sell it to Britain?
Jeremy Corbyn pulled no punches as he presented the country with his plan for a Labour government, the most radical proposed since 1983, when the party suffered its worst postwar defeat.
Japan Times
BUSINESS / Companies
Nov 15, 2019
Japan Post Holdings' sales dropped 4.8% for April-September amid insurance scandal
Japan Post Holdings Co. said Thursday its group revenue in the April-September half dropped 4.8 percent from a year earlier to ¥5.96 trillion.
Japan Times
Oct 21, 2019
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.
Japan Times
Oct 4, 2019
NHK president denies it nixed program about Japan Post's insurance practices due to outside pressure
NHK President Ryoichi Ueda denied Thursday that outside complaints caused the cancellation of a program about inappropriate sales practices for Japan Post Insurance Co. products.
Japan Times
Sep 30, 2019
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.
Japan Times
Sep 20, 2019
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.
Sep 18, 2019
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."
Sep 14, 2019
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.
Japan Times
Sep 4, 2019
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 Times
Sep 3, 2019
Japan dangles ¥5,000 credit to persuade My Number ID cardholders to adopt smartphone payment system
Japan will give shopping points to holders who make cashless payments with their phones in a measure to increase the popularity of the card.
Japan Times
BUSINESS / Companies
Aug 31, 2019
FSA to inspect two Japan Post units involved in insurance sales scandal
The Financial Services Agency will conduct on-site inspections of Japan Post Co. and Japan Post Insurance Co. in September over the insurance sales scandal involving the Japan Post Holdings Co. units.
Japan Times
BUSINESS / Companies
Aug 21, 2019
Japan Post reveals 104,000 Aflac policies improperly sold, bringing total from insurance debacle to 287,000
As Japan Post's debacle expands, the problems are being blamed on the postal and financial behemoth's failure to update its customer data management system, sources said.
Aug 9, 2019
Address growing problem at Japan Post group
As the top shareholder, the government should look into the group's scandal and explore ways to fix its problems.


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