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May 13, 2024
 

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INSURANCE

Japan Times
BUSINESS
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.
WORLD
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
JAPAN / FOCUS
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
BUSINESS
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
WORLD / Politics / ANALYSIS
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
ASIA PACIFIC
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
JAPAN
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
BUSINESS
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
JAPAN
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.
BUSINESS
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."
BUSINESS
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
JAPAN
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
BUSINESS
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.
EDITORIALS
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.
Japan Times
BUSINESS / Companies
Jul 31, 2019
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 Times
BUSINESS / Companies
Jul 29, 2019
Japan Post workers forged papers to sell insurance policies, internal document reveals
Some post office workers forged documents or engaged in other unlawful practices in selling the products of Japan Post Insurance Co. in fiscal 2018, according to an internal document revealed Monday.
WORLD
Jul 18, 2019
U.S. House votes to repeal tax funding 'Obamacare'
The House voted overwhelmingly to repeal a tax Wednesday intended to fund the Affordable Care Act, preserving tax breaks for employer-sponsored insurance plans favored by large corporations.
Three men rearrested over brokering of overseas prostitution
A woman speaks of her experience of being sent to Macau by an overseas prostitution broker during an interview in Tokyo's Shinjuku Ward on April 8.
How the discovery of a giant sword in Nara offers clues into ancient Japan
Archaeologists say a 1,600-year-old wooden coffin at the Tomio Maruyama tumulus in the city of Nara was kept in good condition probably because it was protected by a layer of clay and copper ions that had seeped out of the mirrors that were buried together.
Tech giants start to treat Southeast Asia like the next big thing
Attendees arrive for Microsoft's event on AI technologies in Jakarta on April 30.
First 'extreme' solar storm in 20 years brings spectacular auroras
A meteor is seen in an aurora borealis above Lausanne and the Jura from the Tour de Gourze in Riex, Switzerland, on Saturday.
In first month of operations, ride-hailing services used more than taxis in Tokyo
As of last Sunday, ride-hailing services, which use personal vehicles to offer paid rides, had been used a total of 12,628 times in five areas.
Is black the new green for Japan’s flagging tea farmers?
George Guttridge-Smith brews tea at Kyoto Obubu Tea Farm in Wazuka, Kyoto Prefecture, where he serves as head of international development.
Japan's logistics firms seek partnerships to cope with driver shortage
Japan Post CEO Tetsuya Senda (right) and his Seino Transportation counterpart Satoshi Takahashi announce their companies' agreement on joint long-haul truck operations, in Tokyo on Thursday.
How the discovery of a giant sword in Nara offers clues into ancient Japan
Archaeologists say a 1,600-year-old wooden coffin at the Tomio Maruyama tumulus in the city of Nara was kept in good condition probably because it was protected by a layer of clay and copper ions that had seeped out of the mirrors that were buried together.
Unlike 10 years ago, Japan's new security bill sparks little debate
The Lower House starts discussing a security clearance bill on April 19 in Tokyo.
Japan’s tween skateboarders get head start on preparations for 2028 Olympics
Ibuki Matsumoto competes at an event in Osaka on April 21.

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