Seven insurance companies are suing Toyota Motor, seeking to recover for claims they paid for crashes blamed on sudden acceleration.

In a move it says is “an important step toward repaying the government,” American International Group has agreed to sell its international life insurer to MetLife for $15.5 billion.

In what Prudential Financial is calling a “mutually beneficial partnership,” the Newark, N.J.-based firm has announced that a Japanese company is investing $500 million in its operations.

A key U.S. trade representative has told Japanese officials about his concerns over unfair treatment U.S. insurers complain will occur if a proposal from Japan Post Insurance is approved in …  Read →

A life insurance industry trade group is upset over a Japanese company’s application for approval to sell a cancer insurance product, saying Japan Post Insurance has an unfair advantage when …  Read →