Japan News

LOMA Grants Kanbay “Excellence in Education” Award

Kanbay International, Inc., a global IT services firm focused on providing solutions to the financial services industry, announced that the company has been named a winner of the LOMA “Excellence in Education” Award. LOMA is an international association through which …

Typhoon Mawar Nears Japan

Typhoon Mawar is reported to be nearing Japan’s main island of Honshu. It is currently a category 2 storm with sustained winds of 105 mph (168 kph). Mawar’s path has been erratic and it’s still unclear whether or not it …

Pet Insurance Coming to Japan

According to a report from Japan’s Kyodo news agency, the country’s pet owners may soon be able to take out insurance coverage for the cost of medical treatment for injured or ill pets. Pet coverage, while fairly common in the …

People

The National Association of Government Labor Officials (NAGLO) during its 2005 summer conference elected Minnesota Department of Labor and Industry Commissioner Scott Brener president. With members from more than 30 U.S. states, NAGLO focuses on sharing information and developing policy …

People – Midwest

Scott Brener The National Association of Government Labor Officials (NAGLO) during its 2005 summer conference elected Minnesota Department of Labor and Industry Commissioner Scott Brener president. John Robinson With members from more than 30 U.S. states, NAGLO focuses on sharing …

Tokio Marine to Implement Electronic Data Storage

A report from Japan’s Kyodo News Agency notes that Tokio Marine & Nichido Fire Insurance Co. plan to electronically store application documents for automobile and other types of insurance contracts, starting next April, in a bid to save costs and …

Japanese Quake Injures Dozens

A reported 7.2-magnitude earthquake struck northeastern Japan on Tuesday, injuring nearly 60 people, creating landslides and disrupting power to thousands of homes. A number of the reported injuries were children, who were on summer vacation and were gathered at a …

Hannover Re Q2 Net Up 6%; $284 Million for 1st Half

Hannover Re reported solid profits in the second quarter of 2005, earning 121.4 million euros ($150.6 million), a 6 percent gain, compared to the 114.6 million euros ($142.2 million) earned in the same period of 2004. The giant reinsurer’s consolidated …

S&P Ups NZ P/C Insurance Sector Credit Risk to ‘Moderately Low’

Standard & Poor’s Ratings Services announced that it has revised the industry risk on the New Zealand nonlife insurance sector to “moderately low” from “moderate.” “This improvement places New Zealand alongside Australia & Japan as the countries with the best …

Japan PM Loses Postal Reform Vote; Calls Snap Election

Japan’s Prime Minister, Junichiro Koizumi, suffered a serious setback in his plans to reform the country’s huge postal system, when the Senate rejected the proposals by a 125 to 108 margin. He immediately announced plans to hold a general election, …