All the headlines from our Japan Topic Page, ordered by recency.
Nov 15 2009 // Though it may seem like the debate over the creation of a national catastrophe insurance plan is a relatively recent phenomenon, the National Association of Insurance Commissioners actually began addressing the issue as...
Nov 15 2009 // The private insurance industry alone ‘cannot be expected to provide comprehensive catastrophe coverage without adequate financial backstops for the most extreme events.’Although it may seem like the debate over...
Nov 11 2009 // A.M. Best Co. has affirmed the financial strength rating of’ A+’ (Superior) and issuer credit rating of “aa-” of Bermuda-based Tokio Millennium Re Ltd. (TMR), both with stable outlooks. Best noted...
Nov 1 2009 // Though it may seem like the debate over the creation of a national catastrophe insurance plan is a relatively recent phenomenon, the National Association of Insurance Commissioners actually began addressing the issue as...
Oct 8 2009 // Typhoon Melor made landfall on the south coast of Japan, approximately 25 miles (40 kms) from Hamamatsu on Wednesday. According to a preliminary analysis from Risk Management Solutions, “available meteorological data...
Oct 6 2009 // Tropical storm Parma stalled for two days off northwestern Philippines, was slowly heading toward the country’s tobacco-producing region on Tuesday, after killing at least 22 people.Right behind it is Typhoon Melor,...
Sep 23 2009 // China laid out a plan to curb carbon emissions by 2020 and U.S. President Barack Obama called on all nations to act now to tackle global warming, as world leaders tried to inject momentum into climate change talks.With...
Sep 2 2009 // The owners and producers of Japan’s estimated 300,000 insurance agencies can only dream of the success and freedom that the 40,000 independent agencies in the U.S. enjoy.But they can still learn best practices from...
Aug 12 2009 // The second seismic event to hit Japan in two days occurred off the central coast of the Japanese island of Honshu at 5:15 a.m. local time (20:15 UTC on Monday). Catastrophe risk modeling firm AIR Worldwide said the US...
Aug 10 2009 // Typhoon Morakot wreaked havoc in Taiwan over the weekend, making landfall late on Friday in Taiwan’s Hualien County with sustained winds of 148 km/h (92 mph).“As of Friday, Morakot had generated only 100 mm (4...
Jul 20 2009 // The owners and producers of Japan’s estimated 300,000 insurance agencies can only dream of the success and freedom that the 40,000 independent agencies in the United States enjoy.But they can still learn best...
Jul 16 2009 // American International Group is in talks with a Prudential Financial Inc. unit to sell two Japanese life insurers, a person familiar with the matter said Wednesday.The talks for AIG Edison Life Insurance Co and AIG Star...
Jun 26 2009 // A.M. Best Co. has affirmed the financial strength rating (FSR) of ‘A+’ (Superior) and issuer credit rating (ICR) of “aa” of Japan’s Mitsui Sumitomo Insurance Company Limited (MSI). Best also...
May 26 2009 // The world economy has avoided “utter catastrophe” and industrialized countries could register growth this year, Nobel Prize-winning economist Paul Krugman said on Monday.“I will not be surprised to see...
May 22 2009 // A.M. Best Co. has affirmed the financial strength rating of ‘A-‘ (Excellent) and issuer credit rating of “a-” of the United Arab Emirates-based Gulf Reinsurance Limited with stable outlooks....
May 12 2009 // American International Group has signed an agreement to sell its prime real estate holding in Tokyo for approximately $1.2 billion in cash (Yen115.5 billion) to Nippon Life Insurance Company. The property consists of...
May 4 2009 // American International Group Inc is near a deal to sell its Japanese headquarters for about $1 billion in what would be one of its largest asset sales since a September rescue, a source familiar with the matter said...
Mar 23 2009 // Are professional sports the next terrorist targets? The terrorist attack on Sri Lanka’s cricket team in Lahore (Pakistan) “highlights the vulnerability of sporting events to terrorist disruption,” warned...
Mar 17 2009 // A prominent U.S. senator has intimated that executives of the troubled insurer American International Group Inc might consider suicide, adopting what he called a Japanese approach to taking responsibility for their...
Mar 17 2009 // Standard & Poor’s Ratings Services has lowered its counterparty credit ratings on Bermuda-based Everest Re Group Ltd. and its U.S.-based intermediary holding company, Everest Reinsurance Holdings Inc., to...