Japan Life Insurers to Waive Natural Disaster Exemption, Pay Full Benefits

Japan’s life insurance association said all insurers will waive natural disaster exemptions and pay benifits in full following the March 11 earthquake and tsunami. The disaster may have killed more than 10,000 people. The statement, dated March 15, was posted on the association’s website.

To contact the reporter on this story: Go Onomitsu in Tokyo at gonomitsu@bloomberg.net

To contact the editor responsible for this story: Steven McPherson at smcpherson@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.