Taiyo Fire & Marine Insurance Co. has decided against its earlier plan to withdraw from the Japanese auto insurance business. The company reportedly made the decision based on the belief that collecting sufficient premium revenue from other insurance policies would be difficult. Taiyo Fire was considering pulling out of auto due to increasing competition following financial deregulation in 1998 and a series of foreign entries into the market.
Topics Auto
Was this article valuable?
Here are more articles you may enjoy.
Eastern States’ Grocers Shut Online Systems After Cyberattack 
Harbor Emerges From Stealth with $10M Funding to Handle AI-Agent Risk 
Surplus Lines Leaders Remain Bullish on Outlook in a Shifting Market 
Supervisor’s Punching of Employees Enough for Tort Suit, NC Appeals Court Says 
