Latest news with #NichidoFireInsurance
Japan Times
17-07-2025
- Politics
- Japan Times
Japan insurer to launch policy linked to bear culling
Tokio Marine & Nichido Fire Insurance said Thursday that it will sell to local governments a policy to cover property damage caused by bullets fired during wild bear extermination. The move comes as the revised wildlife protection and management law, which allows local governments to use firearms at their discretion to cull dangerous wild animals in residential neighborhoods, is set to take effect in September. The law revision is designed to cope with an increase in cases in which wild bears appearing in human habitats attack people and cause damage to properties. The insurance policy will cover up to ¥30 million in compensation local governments pay for damage to buildings, vehicles and other properties from bullets fired to kill bears or other wild animals, including stray rounds, according to Tokio Marine. The insurance premium will be set for each local government according to the number of sightings of bears, boars and other animals. Human injuries from such bullets will not be covered by the policy.
eNCA
20-06-2025
- Automotive
- eNCA
Toyota insurers sue eThekwini Municipality, Department of Transport, and Transnet
ETHEKWINI - Kwazulu Natal is facing a landmark court case. Toyota South Africa operates in the province. Toyota's insurer, Tokio Marin and Nichido Fire Insurance has reportedly filed a R6.5 billion lawsuit in the Durban High Court against the Department of Transport in the Province, Transnet and the eThekwini Municipality. It wants to be compensated for the enormous financial losses it suffered due to infrastructure failures of various government and state role players in 2022 during floods.
Eyewitness News
20-06-2025
- Automotive
- Eyewitness News
KZN Transport Department says relationship with Toyota remains intact despite R6.5 billion lawsuit
JOHANNESBURG - The KwaZulu-Natal Transport Department says its relationship with Toyota remains intact despite the motor giant's insurer suing the provincial government for R6.5 billion. Tokio Marine and Nichido Fire Insurance recently filed a lawsuit at the Durban High Court, seeking compensation for damages suffered at Toyota's Prospection Plant during the 2022 floods. Following a meeting with Toyota's senior managers, the Transport Department held a media briefing on Friday to update on the lawsuit. During the 2022 floods, Toyota's Prospection Plant in Durban was forced to shut down for four months, with its cars and machines submerged in water. This led to Toyota claiming billions from its Japanese insurer Tokio Marine and Nichido Fire Insurance. The insurer is now seeking to recoup that money and has lodged a subrogated claim against the KZN Transport Department, Ethekwini Municipality and Transnet. Transport MEC Siboniso Duma says he met with Toyota officials today to clear the air. 'We agreed to sustain our relationship that has revolved over the years, we will do that in the interest of the people of KZN and the whole country. I am sure you know as the private sector they are a major employer in the province of KZN.' Meanwhile, Toyota South Africa Motors says it's not directly involved in the lawsuit and won't benefit even a cent if the Japanese insurer wins.
