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

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