Prudential questions fairness of insurers safety-net system

Prudential questions fairness of insurers safety-net system

TOKYO, Japan - Prudential Financial Inc. Chairman Arthur Ryan tells Kyodo News on Dec. 16 that he questioned the fairness of Japan's safety-net mechanism for life insurance policyholders, under which money is collected from all insurers to enable compliance with insurance contracts underwritten by failed insurers. ''Bailing out troubled companies does not solve the problem in the industry,'' he said. (Kyodo)

  • Product Code
  • ILEA000016489
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  • Kyodo / Kyodo News Images
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