Life insurers fail to pay 26.8 bil. yen insurance over 5 years

Life insurers fail to pay 26.8 bil. yen insurance over 5 years

TOKYO, Japan - Sumitomo Life Insurance Co. President Shinichi Yokoyama (C) and other Nippon Life executives bow in apology over nonpayment of insurance money at a news conference in Tokyo on April 13. Sumitomo is among 12 leading life insurance companies in Japan that admitted they had skipped 26.8 billion yen in insurance money payment in 230,000 cases over the five years from fiscal 2001.

Life insurers fail to pay 26.8 bil. yen insurance over 5 years

Life insurers fail to pay 26.8 bil. yen insurance over 5 years

TOKYO, Japan - Dai-ichi Mutual Life Insurance Co. President Katsutoshi Saito (C) and other Dai-ichi executives bow in apology over nonpayment of insurance money at a news conference in Tokyo on April 13. Dai-ichi is among 12 leading life insurance companies in Japan that admitted they had skipped 26.8 billion yen in insurance money payment in 230,000 cases over the five years from fiscal 2001.

Life insurers fail to pay 26.8 bil. yen insurance over 5 years

Life insurers fail to pay 26.8 bil. yen insurance over 5 years

TOKYO, Japan - Nippon Life Insurance Co. President Kunie Okamoto (C) and other Nippon Life executives bow in apology over nonpayment of insurance money at a news conference in Tokyo on April 13. Nippon Life is among 12 leading life insurance companies in Japan that admitted they had skipped 26.8 billion yen in insurance money payment in 230,000 cases over the five years from fiscal 2001.

Japan's daily COVID-19 cases top 230,000, record for 2nd straight day

Japan's daily COVID-19 cases top 230,000, record for 2nd straight day

People wearing face masks walk in Tokyo's Shinjuku area on July 28, 2022, as Japan reports over 230,000 daily coronavirus cases the same day, hitting a new record for the second consecutive day.

Japan's daily COVID-19 cases top 230,000, record for 2nd straight day

Japan's daily COVID-19 cases top 230,000, record for 2nd straight day

People wearing face masks walk in Tokyo's Shinjuku area on July 28, 2022, as Japan reports over 230,000 daily coronavirus cases the same day, hitting a new record for the second consecutive day.

Life insurers fail to pay 26.8 bil. yen insurance over 5 years

Life insurers fail to pay 26.8 bil. yen insurance over 5 years

TOKYO, Japan - Sumitomo Life Insurance Co. President Shinichi Yokoyama (C) and other Nippon Life executives bow in apology over nonpayment of insurance money at a news conference in Tokyo on April 13. Sumitomo is among 12 leading life insurance companies in Japan that admitted they had skipped 26.8 billion yen in insurance money payment in 230,000 cases over the five years from fiscal 2001. (Kyodo)

Life insurers fail to pay 26.8 bil. yen insurance over 5 years

Life insurers fail to pay 26.8 bil. yen insurance over 5 years

TOKYO, Japan - Dai-ichi Mutual Life Insurance Co. President Katsutoshi Saito and other Dai-ichi executives bow in apology over nonpayment of insurance money at a news conference in Tokyo on April 13. Dai-ichi is among 12 leading life insurance companies in Japan that admitted they had skipped 26.8 billion yen in insurance money payment in 230,000 cases over the five years from fiscal 2001. (Kyodo)