As the numbers keep rising on the estimate of losses in Japan, so do the growing concerns regarding the financial stability of insurance companies that were heavily vested there. One company, in particular, had at least three-quarters of their overall business in Japan. AFLAC, a top performing, Fortune 500 company, insures two of the largest insurance buyers in the world; the United States, and Japan. AFLAC sells supplemental health (GAP) insurance, life insurance and cancer insurance. Even though they don’t have property coverage in Japan, when the Earthquake and Tsunami…
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Farmers in China receive a bump in health care coverage
In Beijing, China, the Ministry of Human Resources and Social Security recently announced that the urban basic health insurance will provide coverage to around eight million Chinese for 2011. The said insurance program will increase the number of covered urban residents to 90% or 440 million. This number was only 432 million back in 2010. This was announced by the ministry during a press conference that was held on Wednesday in Beijing. This health insurance program will include the basic health insurance for those who are residing in urban areas…
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