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Taiwan: Typhoon Danas Batters Southern Region, Leaving Widespread Damage 3

Typhoon Danas made landfall near Chiayi's Budai Township around 11:40 p.m. on Sunday, July 6, bringing gusty winds and heavy rainfall to the southern region. Typhoon Danas weakened to a tropical storm after its eye departed Taiwan early Monday.

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Taiwan: Rain And Winds Pick Up As Typhoon Krathon Approaches

Rain and winds started to pick up in Taipei on Monday, September 30 as Typhoon Krathon approached Taiwan.

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Life insurers fail to pay 26.8 bil. yen insurance over 5 years

TOKYO, Japan - Sumitomo Life Insurance Co. President Shinichi Yokoyama (C) and other Nippon Life executives bow in apology over nonpayment of insurance money at a news conference in Tokyo on April 13. Sumitomo is among 12 leading life insurance companies in Japan that admitted they had skipped 26.8 billion yen in insurance money payment in 230,000 cases over the five years from fiscal 2001.

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Sumitomo Life solvency margin falls in 1st half

TOKYO, Japan - Sumitomo Life Insurance Co. Managing Director Motoyuki Terasaka (C) speaks at a news conference in Tokyo on Nov. 26. He said that the key gauge of the company's ability to pay out policy obligations fell in the fiscal half year ended Sept. 30 due largely to unrealized losses from its securities holdings.

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Meiji Life, Yasuda Mutual Life announce merger

TOKYO, Japan - Mikihiko Miyamoto (L), president of Yasuda Mutual Life Insurance Co., and Ryotaro Kaneko, president of Meiji Life Insurance Co. announce Jan. 24 in Tokyo that the two life insurers will merge around April 2004 to boost competitiveness. The merger will create a company with outstanding insurance contracts worth 196 trillion yen, nearly as much as the 203 trillion yen held by Sumitomo Life Insurance Co., Japan's third-largest life insurer.

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4 Sumitomo Mitsui firms to enhance insurance alliance

TOKYO, Japan - Sumitomo Mitsui Banking Corp. and three insurers with ties to the Sumitomo Mitsui group said Nov. 22, 2001 they will bolster ties to enhance their ability to develop innovative insurance policies and boost marketing cooperation amid the harsh business environment. Seated at a Tokyo news conference are (From L to R) Mitsui Mutual Life Insurance Co. President Hiroshi Nishimura, Sumitomo Life Insurance Co. President Shinichi Yokoyama, Mitsui Sumitomo Insurance Co. Chairman Takeo Iguchi and Sumitomo Mitsui Banking Corp. President Yoshifumi Nishikawa.

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Court dismisses policyholders' suit against insurance firms

OSAKA, Japan - Policyholders of Nippon Life Insurance Co. and Sumitomo Life Insurance Co. enter the Osaka District Court on July 18. The court dismissed their lawsuit demanding the firms' four former and incumbent presidents return money donated to political parties including the ruling Liberal Democratic Party.

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4 Sumitomo Mitsui firms to enhance insurance alliance

TOKYO, Japan - Sumitomo Mitsui Banking Corp. and three insurers with ties to the Sumitomo Mitsui group said Nov. 22, 2001 they will bolster ties to enhance their ability to develop innovative insurance policies and boost marketing cooperation amid the harsh business environment. Seated at a Tokyo news conference are (From L to R) Mitsui Mutual Life Insurance Co. President Hiroshi Nishimura, Sumitomo Life Insurance Co. President Shinichi Yokoyama, Mitsui Sumitomo Insurance Co. Chairman Takeo Iguchi and Sumitomo Mitsui Banking Corp. President Yoshifumi Nishikawa.

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Life insurers fail to pay 26.8 bil. yen insurance over 5 years

TOKYO, Japan - Sumitomo Life Insurance Co. President Shinichi Yokoyama (C) and other Nippon Life executives bow in apology over nonpayment of insurance money at a news conference in Tokyo on April 13. Sumitomo is among 12 leading life insurance companies in Japan that admitted they had skipped 26.8 billion yen in insurance money payment in 230,000 cases over the five years from fiscal 2001. (Kyodo)

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Meiji Life, Yasuda Mutual Life announce merger

TOKYO, Japan - Mikihiko Miyamoto (L), president of Yasuda Mutual Life Insurance Co., and Ryotaro Kaneko, president of Meiji Life Insurance Co. announce Jan. 24 in Tokyo that the two life insurers will merge around April 2004 to boost competitiveness. The merger will create a company with outstanding insurance contracts worth 196 trillion yen, nearly as much as the 203 trillion yen held by Sumitomo Life Insurance Co., Japan's third-largest life insurer.

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SoftBank, Sumitomo Life to tie up in developing insurance program

(From L) Adrian Gore, chief executive of South African insurer Discovery Ltd., Sumitomo Life Insurance Co. President Masahiro Hashimoto and SoftBank Group Co. President Ken Miyauchi pose for a photo on July 21, 2016, during a press conference in Tokyo. They announced that SoftBank and Sumitomo will tie up in developing a new insurance program offering lower premiums to more-health-conscious policyholders by making use of Softbank's information and communication technology. Sumitomo Life will join hands with Discovery, which has already rolled out a similar insurance program, in developing the new scheme. (Kyodo) ==Kyodo

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Sumitomo Life solvency margin falls in 1st half

TOKYO, Japan - Sumitomo Life Insurance Co. Managing Director Motoyuki Terasaka (C) speaks at a news conference in Tokyo on Nov. 26. He said that the key gauge of the company's ability to pay out policy obligations fell in the fiscal half year ended Sept. 30 due largely to unrealized losses from its securities holdings. (Kyodo)

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Court dismisses policyholders' suit against insurance firms

OSAKA, Japan - Policyholders of Nippon Life Insurance Co. and Sumitomo Life Insurance Co. enter the Osaka District Court on July 18. The court dismissed their lawsuit demanding the firms' four former and incumbent presidents return money donated to political parties including the ruling Liberal Democratic Party.