IS JAPAN COVERED FOR THIS DISASTER?

摘要

As any insurance agent will readily tell you, life is fragile. And when it comes to Japan's $250 billion insurance market, the grim reaper is on a rampage. The collapse of Chiyoda Mutual Life Insurance Co. on Oct. 10 under the weight of $27 billion in debt marks the biggest corporate failure in postwar Japan. And it follows the demise of two other insurers, Dai-hyaku Mutual Life Insurance Co. and Taisho Life Insurance Co., so far this year.