Japan News

Japan Offers Help to Companies Hit by Thai Floods

Japan has offered extra loans, insurance and a baht cash line to help Japanese companies in flood-ravaged Thailand, signaling growing concerns over the disaster’s impact on the world’s third biggest economy. Thai officials have said it could take as long …

Honda’s Thai Production Underwater as Floods Hit Japan Firms

Honda Motor Co said its Thai plant remains underwater as flooding in the center of the country worsens, closing down 4.7 percent of its global output in a disaster that is hammering other Japanese firms that have made the nation …

Aon Benfield Reports Asia Monsoon Economic Losses near $7 Billion

Aon Benfield, the global reinsurance intermediary and capital advisor of Aon Corp, has released the latest edition of its Monthly Cat Recap report, which reviews the natural disaster perils that occurred worldwide during September. Published by Impact Forecasting, the firm’s …

HSBC Approaches Japanese Insurers on Sale of Non-Life Unit

HSBC Holdings has approached the top three property/casualty insurers in Japan about the sale of its non-life insurance business, which could fetch more than $1 billion, sources close to the matter said on Thursday. Japanese insurers have been aggressively pursuing …

AIR Estimates Typhoon Roke Insured Losses at $150 to $600 Million

Catastrophe modeling firm AIR Worldwide has given preliminary estimates of the insured losses from Typhoon Roke at between JPY 12 billion ($150 million) and JPY 46 billion ($600 million). As reported earlier, Typhoon Roke, the 15th named storm of the …

AIR Report: Typhoon Roke Now Offshore; Passed Tokyo with Heavy Rain

According to catastrophe modeling firm AIR Worldwide, after crossing over more than 350 kilometers [219 miles] of the main Japanese island of Honshu, Typhoon Roke, the 15th named storm of the 2011 Northwest Pacific typhoon season, has moved out to …

Typhoon Roke Threatens Japan: AIR Report

According to catastrophe modeling firm AIR Worldwide more than a million people were evacuated in central and western Japan in advance of Typhoon Roke’s arrival. The storm formed on September 10 and is the 15th named storm of the 2011 …

AIR Estimates Talas Insured Losses between $150 -$600 Million

Catastrophe modeling firm AIR Worldwide’s initial estimates for insured losses from Tropical Storm Talas are between JPY 12 billion ($150 million) and JPY 46 billion ($600 million). Talas is the season’s 12th named storm, the seventh severe tropical storm and …

UPDATE: Killer Typhoon Talas Brings More Misery to Japan

Japan braced for more heavy rain and floods Monday as the death toll from the worst typhoon to hit the country in seven years climbed to 34. Rescuers searched for 55 others who remained missing, and tens of thousands of …

Typhoon Talas Kills At Least 15 As It Passes Japan

Heavy rains and mudslides from powerful Typhoon Talas killed at least 15 people in Japan as the storm moved northward past the country Sunday. At least 43 others are missing, local media said. [Ed. Note – latest reports put the …