TOKYO: A Japanese insurance company will begin selling a product for tourist businesses that covers lost profits in the event they are temporarily unable to operate due to bear intrusions, Kyodo News reported.
The product, which will be launched in December by Tokio Marine & Nichido Fire Insurance Co., is the first of its kind in the industry, covering economic damages caused by bear appearances and targeting operators of lodging facilities, golf courses, campgrounds and other leisure businesses.
