Latest Japan Headlines
All the headlines from our Japan Topic Page, ordered by recency.
Bowring Marsh Opens Tokyo Office
May 20 2010 // Bowring Marsh, the Specialist International Placement Broker at Marsh, has expanded its Asian presence with the opening in Tokyo of its eighth office, which will specialize in property, earthquake and business interruption...
RMS Announces New Parametric Loss Index for Japan Quake Risks
May 19 2010 // Risk Management Solutions announced the addition of Japan earthquake to its existing suite of parametric industry loss indices covering U.S. hurricane, U.S. earthquake, and Europe windstorm. RMS said: “Paradex Japan...
Strong Quake Rocks Central Japan
Mar 15 2010 // A strong earthquake hit off the eastern coast of central Japan on Sunday, rattling buildings across a broad swath of the country, including the crowded Tokyo capital. There were no immediate reports of damage or...
Lloyd’s Chairman Visits Japan, So. Korea; Urges Closer Ties
Mar 11 2010 // Lloyd’s Chairman, Lord Levene, visited Japan and South Korea last week where he opened the new Lloyd’s Japan office and hosted an event with Korean Re, titled – Lloyd’s – A Working...
AIG Sells Alico Unit to MetLife for $15.5 Billion
Mar 8 2010 // AIG is selling its foreign life insurance unit to MetLife Inc. for about $15.5 billion, its second major asset sale in a week as it raises funds to repay a massive U.S. government bailout. MetLife said Monday that it would...
Countries Raise Security in Malacca Strait after Terror Warning
Mar 5 2010 // Malaysia and Indonesia said on Thursday they are stepping up security in the Strait of Malacca, one of the world’s busiest shipping lanes, following the Singapore navy’s warning of possible attacks on oil...
Some Scientists Defend Tsunami Warnings
Mar 2 2010 // The warning was ominous, its predictions dire: Oceanographers issued a bulletin telling Hawaii and other Pacific islands that a killer wave was heading their way with terrifying force and that “urgent action should...
A Recurrence of Recalls; ‘PIGS’ in a Poke; Lloyd’s Powers on; Haiti Now Faces Floods and Hurricanes
Feb 21 2010 // First Toyota, then Honda – who’s next? 2010 is not starting out as a good year for car companies. Japan’s Toyota Motor Corp. was already in the process of recalling approximately 8 million vehicles, due...
Honda Adds 437,000 Cars to Global Faulty Air Bag Recall
Feb 11 2010 // Honda Motor Co. is adding 437,000 vehicles to its 15-month-old global recall for faulty air bags in the latest quality problem to hit a Japanese automaker. The company will replace the driver’s side air bag inflator...
Special Reuters Report: Inside Toyota’s Epic Breakdown
Feb 10 2010 // Toyota Motor Corp., the world’s most dominant and profitable automaker, was not accustomed to outsiders telling it what to do, let alone some obscure bureaucrat from the United States, whose own car industry was on...
Toyota Adds Prius to Global Recall List; Brake Problems Cited
Feb 9 2010 // Toyota Motor Corp said it is recalling nearly half a million of its flagship Prius and other hybrid cars for braking problems as it seeks to address criticism over the handling of its worst safety crisis. The world’s...
Bermuda Signs Tax Pact with Japan
Feb 2 2010 // Bermuda’s Minister of Finance, the Hon. Paula A. Cox J.P., M.P., announced that the island has signed a bilateral agreement with Japan that provides for a full exchange of information on criminal and civil tax...
S&P:No Downgrades for Financials, Insurers from Japan Airlines Bankruptcy
Jan 21 2010 // Standard & Poor’s Ratings Services stated that its ratings on Japan’s financial institutions and insurance companies “would be unaffected by the debt forgiveness requested by Japan Airlines Corp....
States Back Federal Role in Insuring Natural Catastrophes
Nov 15 2009 // After Decades of Discussion, States Adopt 3-Tired Plan 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...
Decades in the Making, NAIC Outlines Natural Catastrophe Plan
Nov 15 2009 // White Paper Approved at Fall Meeting with Near-Unanimous Vote The private insurance industry alone ‘cannot be expected to provide comprehensive catastrophe coverage without adequate financial backstops for the most...
Ratings Recap: Tokio Millennium Re, Nissan Global, Asia Capital, ACRe
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...
Decades in the Making, NAIC Outlines Natural Catastrophe Plan
Nov 1 2009 // White Paper Approved at Fall Meeting with Near-Unanimous Vote 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...
Typhoon Melor Strikes Southern Japan; 2 Dead; 40 Injured
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...
Typhoon Heads to Japan, Storm Stalls Over Philippines
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,...
China, U.S. Try to Jumpstart U.N. Climate Change Talks
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...
