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10/12/2008 News For:

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Japan's Yamato Life file for bankruptcy in Tokyo  HONG KONG MarketWatch -- Japanese insurer Yamato Life Insurance Co. filed for bankruptcy protection from creditors Friday, reportedly becoming the first in the Japanese industry to do so in seven years.

Yamato Life customers to get help  Yamato Life Insurance Co.'s decision to file for bankruptcy protection sent shock waves throughout the industry Friday as it became the first major victim in Japan of the global financial crisis. But industry sources said policyholders shouldn't panic because their policies are guaranteed by an industry safety net. It is the industry's first bankruptcy in seven years. Read the full story ...

Ohio shooting puts face on foreclosure crisis  By the time deputies came to escort Addie Polk out of her home of 38 years, the 90-year-old had taken out her life insurance policy and placed it next to her pocketbook and keys in the neatly kept house. She shot herself in the chest Oct. 1 before she could be taken away from the foreclosed house, which was worth less than its mortgage from the day she took out the loan. A congressman called her ...

Yamato Life files for bankruptcy  Yamato Life Insurance Co., a time-honored insurer based in Tokyo, filed for bankruptcy protection Friday due to losses related to the U.S. subprime crisis, becoming the first Japanese financial institution to fail amid the ongoing global financial turmoil. Yamato, which went belly up with debts of ?269.5 billion, asked the Tokyo District Court to invoke the 2000 fast-track law for the ...

AIG life units look for single buyer in Latin America - Regional  Troubled AIG NYSE: AIG prefers a single buyer for most of its Latin American life insurance companies, the regional head of American Life Insurance Company ALICO Ricardo Garc?a told BNamericas.

Yamato Life Files for Bankruptcy, Citing Investments (Update3)  Oct. 10 -- Yamato Life Insurance Co. , a 98- year-old Japanese insurer, filed for court protection from creditors in the nation's first bankruptcy in the industry in seven years, with debts exceeding assets by 11.5 billion yen $116 million.

Yamato Life seeks bankruptcy protection   TOKYO, Oct. 10 UPI -- Yamato Life Insurance Co., a nearly century-old Japanese insurer, sought bankruptcy protection Friday, becoming a victim of the current global financial crisis.

Yamato Life Files for Bankruptcy, Citing Investments (Update1)  Oct. 10 -- Yamato Life Insurance Co. , a Japanese insurer, filed for court protection from creditors in the nation's first bankruptcy in the industry in seven years, with debt exceeding assets by 11.5 billion yen $116 million.

Seguradora Yamato Life cai sob peso de US$2,7 bi em d?vidas  A japonesa Yamato Life Insurance, uma seguradora de m?dio porte de capital fechado, entrou com pedido de fal?ncia nesta sexta-feira, tornando-se a primeira institui??o financeira do Jap?o a quebrar por conta da turbul?ncia do mercado gerada pel

Seguradora japonesa Yamato Life pede prote??o contra credores  S?O PAULO - A seguradora japonesa Yamato Life Insurance, com quase um s?culo de exist?ncia, pediu nesta sexta-feira prote??o contra credores. Foi a primeira quebra de uma companhia do setor no pa?s em sete anos.