Japan News

Research and Markets Publishes Global Industry Guide

The Dublin-based study group Research and Markets announced the addition of “Insurance: Global Industry Guide” to their offering. The bulletin described the new study as “an essential resource for top-level data and analysis covering the Insurance industry. It includes detailed …

2006 Catastrophes Cost World’s Insurers $15 Billion, Lightest Hit in Years, Swiss Re Estimates

Wii-Call: Nintendo to Replace 3.2 Million Straps for Wii Remotes

Nintendo is issuing a product recall for its latest video game problem over a Wii problem. The reception of Nintendo’s Wii video game console has been enthusiastic — too enthusiastic, apparently, for the straps that are supposed to keep the …

Hawaii Issues Captive License to MHC Insurance Co.

The Hawaii Department of Commerce and Consumer Affairs Insurance Division has granted a captive license to MHC Insurance Co. Ltd., which participates in insuring the worldwide risks of its Japanese-related owners and affiliates. Insurance Commissioner J.P. Schmidt noted that this …

Vietnam, Business Leaders Hail Historic U.S. Free Trade Vote

Vietnam hailed a historic vote in the U.S. Congress on Saturday that fully normalized trade between the two nations, a final milestone in the process of reconciliation between the former foes. “This event is of major significance for the ties …

U.S., JAPAN AGREE TO IMPROVE CONSUMER PRODUCT SAFETY

The United States and Japan have agreed on guidelines designed to improve the safety of consumer products in the two countries, the U.S. Consumer Product Safety Commission said. Under the agreement, the two countries will share information on product safety, …

8 Texas commissioner allows windstorm rate hike

Although welcome, some think it’s not enough 9 Louisiana’s special session Despite protests, governor calls for 10-day session 10 Judge says water may be covered in New Orleans canal case Ambiguities in policies could open the door 10 St. Paul …

Business Moves

ICAT Holdings, Lloyds ICAT Holdings LLC of Boulder, Colo., created a new underwriting syndicate at Lloyd’s of London, designated as ICM Syndicate 4242, to support underwriting of U.S. catastrophe-exposed properties. ICM Syndicate 4242 will begin underwriting business on Jan. 1, …

U.S., Japan agree to improve consumer product safety

The United States and Japan have agreed on guidelines designed to improve the safety of consumer products in the two countries, the U.S. Consumer Product Safety Commission said. Under the agreement, the two countries will share information on product safety, …

Maine Insurance Chief Iuppa Stepping Down in January

Maine Superintendent of Insurance Alessandro Iuppa has announced his intention to step down from his position effective Jan. 13, 2007. “After 20 years, including 13 in Maine, in the insurance regulatory community it is time to move on to the …