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eWeekly Taiwan |
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Tropical Storm Kalmaegi wreaked havoc on Taiwan's Agriculture |
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The devastating tropical storm Kalmaegi that lashed through central and southern Taiwan last week triggered agricultural losses estimated at more than NT$1.05 billion (US$34.57 million) and disrupted the nation's transportation systems forcing dozens of domestic flights and trains to be canceled said initial press reports. Insurance exposures were not immediately available. |
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Customers Turning to Conventional Financial Products |
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In the current stock market doldrums, consumers are opting to buy conventional financial products such as interest-variable annuity, interest-variable life insurance products and short-term pension funds, according to an analysis carried out by the Life Insurance Association of the Republic of China (LIA-ROC). |
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First-year Insurance Premium Revenues Down 8.3% in May |
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First-year life insurance premiums declined 8.3% in May to NT$75.13 billion (US$2.47 billion) from April, the first dip in premium revenues this year because of a decline in sales of bond-linked life insurance policies, reports the China Economic News. |
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| eWeekly Japan |
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Japan's 14 June Earthquake Payout Estimated at US$46 Mln |
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Japanese general insurers are expected to pay out 4.957 billion yen (US$46.3 million) to cover property damaged by the 14 June earthquake that struck the northeastern part of the country, according to the General Insurance Association of Japan. The amount is the eighth highest on record, says the association. |
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Japan Boasts Highest Survival Rates for Colon, Rectal Cancers |
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Japan has the highest survival rates for colon and rectal cancers in men because of early diagnosis and treatment, according to the first worldwide study of survival rates of the disease. |
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Japan Needs to Take More Risks for Higher Returns |
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Japan needs to be more adept at taking risks in its investments to boost economic growth, says the government in an annual economic report. |
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| Conference |
Last Updated on 7/18/2008 |
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