All the headlines from our Japan Topic Page, ordered by recency.
Mar 16 2012 // EU foreign ministers are expected to discuss how the bloc’s Iran oil embargo will impact shipping insurance when they hold a scheduled meeting next week, an industry source said on Friday.The ministers are due to...
Mar 12 2012 // People across Japan prayed and stood in silence on Sunday to remember the massive earthquake and tsunami that struck the nation one year ago, killing just over 19,000 people and unleashing the world’s worst nuclear...
Mar 2 2012 // Japanese buyers of Iran crude may ask Tehran to include a force majeure clause in contracts if they are unable to pay Iran or lift Iranian oil due to lack of insurance cover for tankers under European Union sanctions,...
Mar 1 2012 // Michael Woodford, the former Olympus CEO, on Thursday kicks off his legal battle for wrongful dismissal on the grounds of discrimination and whistleblowing, in a UK case that will throw the spotlight back on one of...
Feb 29 2012 // Tsunamis generated by the magnitude-9 earthquake in Japan last March dragged 3 million to 4 million tons of debris into the ocean after tearing up Japanese harbors and homes.Scientists believe ocean currents are carrying...
Feb 24 2012 // Japan’s main shipping insurer will only be able to provide a fraction of the coverage to tankers transporting Iranian oil under new European Union sanctions, officials said on Friday.Starting in July, European...
Feb 17 2012 // Catastrophe modeling firm AIR Worldwide has released a new report – “Understanding Earthquake Risk in Japan Following the Tohoku-Oki Earthquake of March 11, 2011.” The report stresses that the “M9.0...
Feb 16 2012 // Four days before a tsunami devastated a Japanese nuclear plant, its operator promised a fuller assessment of the risk of such a disaster — but not for seven months.The disclosure in a three-page briefing paper obtained...
Feb 10 2012 // A.M. Best Co. has released a briefing that provides updated estimates of insurers’ losses from the Thailand floods. The overall industry wide insurers’ loss estimates from the floods have increased 50 percent...
Feb 6 2012 // In 2011, the mining insurance market was not only hit by $2.7 billion in natural catastrophe losses, but over 60 operational losses totaling $835 million. The $3.5 billion total estimate of losses facing mining insurers...
Feb 3 2012 // Japan will join at least four other nations in a pact to help compensate victims of nuclear accidents in member countries, a newspaper reported on Friday, as it continues to grapple with the aftermath of the world’s...
Feb 2 2012 // Japanese governor Tokihiro Nakamura believes nuclear power is vital for the resource-poor land, but even he says the central government must put safety pledges in writing before he’ll agree to restart off-line...
Feb 1 2012 // Japan’s Cabinet approved bills Tuesday aimed at bolstering nuclear safety regulations following last year’s Fukushima disaster, including one that would put a 40-year cap on the operational life of nuclear...
Jan 30 2012 // A strong earthquake with a preliminary magnitude of 5.5 jolted eastern Japan on Saturday morning, but there were no immediate reports of injury or damage and no tsunami warning was issued.The focus of the tremor was 20 km...
Jan 27 2012 // Japan is set to launch a $13 billion bailout of the owner of its stricken Fukushima nuclear power plant after the utility dropped resistance to a public fund injection, sources said on Thursday, as the country debates the...
Jan 23 2012 // An expert task force convened by the Nuclear Regulatory Commission called Japan’s nuclear disaster “unacceptable” and concluded that nuclear power plants in the U.S. need better protections for rare,...
Jan 17 2012 // An unofficial panel of experts cleared global accounting groups KPMG and Ernst & Young of any responsibility for a $1.7 billion accounting fraud at Japan’s Olympus Corp, though the role of the firms remained...
Jan 17 2012 // AIA Group Ltd, Asia’s No.3 insurer and about one-third owned by American International Group Inc., may bid for the $6 billion Asian insurance operations of ING Groep, sources said, with the prospective sale expected...
Jan 4 2012 // France’s AXA S.A. has again topped the list of the world’s 25 largest insurance companies, based on premiums written, compiled by A.M. Best. The lists, which were compiled both on asset value and on net...
Jan 3 2012 // A strong earthquake with a preliminary magnitude of 7.0 struck under the sea several hundred miles (kilometers) south of Japan on Sunday, shaking buildings in the capital, but officials said there was no danger of a...