TOKYO -- Tokio Marine & Nichido Fire Insurance will sell insurance policies starting in March that will cover damage to facilities resulting from terrorism and violent demonstrations, the first such product in Japan.
Japanese companies have up to now mainly focused on preparing for natural disasters and have not bothered to insure themselves against terrorism or political violence, which are rare in Japan. But with the Olympics approaching this summer, many are taking a fresh look at such risks as their businesses globalize.
