Japan, U.S. business chiefs urge sales tax hike to 10%

Japan, U.S. business chiefs urge sales tax hike to 10%

TOKYO, Japan - Kunio Ishihara (L), counselor at Tokio Marine & Nichido Fire Insurance Co., and John Lechleiter, chief executive officer of pharmaceutical firm Eli Lilly and Co., shake hands at a Tokyo hotel on Nov. 14, 2014, after a press conference following an annual meeting of the Japan-U.S. Business Conference. The business leaders urged Japan's government to increase the consumption tax rate to 10 percent next year as planned to secure its commitment to fiscal rehabilitation.

Japan, U.S. business chiefs urge sales tax hike to 10%

Japan, U.S. business chiefs urge sales tax hike to 10%

TOKYO, Japan - Kunio Ishihara (L), counselor at Tokio Marine & Nichido Fire Insurance Co., and John Lechleiter, chief executive officer of pharmaceutical firm Eli Lilly and Co., attend a press conference at a Tokyo hotel on Nov. 14, 2014, following an annual meeting of the Japan-U.S. Business Conference. The business leaders urged Japan's government to increase the consumption tax rate to 10 percent next year as planned to secure its commitment to fiscal rehabilitation.

Nonlife insurers punish execs over failures to pay benefits

Nonlife insurers punish execs over failures to pay benefits

TOKYO, Japan - President Kunio Ishihara (L) and Senior Managing Director Shuzo Sumi (R) of Tokio Marine & Nichido Fire Insurance Co. bow in apology at a news conference in Tokyo on April 13 where the insurer said it will punish senior executives over failure to pay due insurance benefits. Ishihara is stepping down and will be replaced by Sumi.

Tokio Marine President Ishihara to resign over nonpayment scandal

Tokio Marine President Ishihara to resign over nonpayment scandal

TOKYO, Japan - Shuzo Sumi, senior managing director of Tokio Marine & Nichido Fire Insurance Co., speaks at a press conference on April 13 after being appointed to replace Kunio Ishihara as president. Japan's leading property and casualty insurer has been under fire for nonpayment of insurance benefits to policyholders.

Tokio Marine President Ishihara to resign over nonpayment scandal

Tokio Marine President Ishihara to resign over nonpayment scandal

TOKYO, Japan - Shuzo Sumi, senior managing director of Tokio Marine & Nichido Fire Insurance Co., speaks at a press conference on April 13 after being appointed to replace Kunio Ishihara as president. Japan's leading property and casualty insurer has been under fire for nonpayment of insurance benefits to policyholders.

NHK management panel head Ishihara resigns

NHK management panel head Ishihara resigns

TOKYO, Japan - Kunio Ishihara, head of the management committee of Japan's public broadcaster NHK, who stepped down from the chairman post on April 10, citing the need to focus on his business as president of Tokio Marine & Nichido Fire Insurance Co.

Tokio Marine & Nichido President Ishihara likely to resign: sources

Tokio Marine & Nichido President Ishihara likely to resign: sources

TOKYO, Japan - File photo shows Tokio Marine & Nichido Fire Insurance Co. President Kunio Ishihara, who is expected to resign at the end of June to facilitate the company's efforts to regain the trust of policyholders following a scandal involving nonpayment of insurance benefits, according to company sources on April 7.

6 major nonlife insurers report 1.2 bil. yen in nonpayment cases

6 major nonlife insurers report 1.2 bil. yen in nonpayment cases

TOKYO, Japan - Japan's six major property and casualty insurance firms failed to pay a total of 1.22 billion yen in insurance claims in 4,365 cases involving medical and other ''third-sector'' insurance policies between July 2001 and June 2006, according to figures reported by them Oct. 31 to the Financial Services Agency. Kunio Ishihara (C), president of Tokio Marine & Nichido Fire Insurance Co., and executives of five other companies apologized during a news conference in Tokyo the same day.

Major insurers' nonpayment cases rise to over 200,000

Major insurers' nonpayment cases rise to over 200,000

TOKYO, Japan - Kunio Ishihara, president of Tokio Marine & Nichido Fire Insurance Co., apologizes at a news conference in Tokyo on Sept. 29 after Japan's top six nonlife insurers, including his company, have reported to financial authorities thousands of additional cases of failure to pay promised insurance benefits to policyholders.

Tokio Marine, Nichido Fire to merge in 2004

Tokio Marine, Nichido Fire to merge in 2004

TOKYO, Japan - Tokio Marine & Fire Insurance Co. President Kunio Ishihara (R) and Nichido Fire & Marine Insurance Co. President Tomio Higuchi shake hands at a news conference in Tokyo on March 28 after announcing the merge of the two companies slated for Oct. 1, 2004. The merger, which will create Tokio Marine & Nichido Fire Insurance Co., is aimed at dealing with ''crustal changes'' in the market for property and casualty insurance.

Tokio Marine to take one-third stake in Nisshin Fire

Tokio Marine to take one-third stake in Nisshin Fire

TOKYO, Japan - Michio Noda (L), president of Nisshin Fire & Marine Insurance Co., and Kunio Ishihara, president of Tokio Marine & Fire Insurance Co., shake hands at a news conference at the Bank of Japan's head office in Tokyo on Feb. 13 after announcing a business and capital alliance.

Tokyo Stadium to be renamed Ajinomoto Stadium from next March

Tokyo Stadium to be renamed Ajinomoto Stadium from next March

TOKYO, Japan - Ajinomoto Co. President Kunio Egashira (L), Tokyo Gov. Shintaro Ishihara (C) and Tokyo Stadium President Shozo Toi hold up an ''Ajinomoto Stadium'' sign during a ceremony at Tokyo Metropolitan City Hall on Nov. 29. The seasoning maker obtained naming rights to Tokyo Stadium, a soccer field in Chofu run by a public-private third-sector entity, for five years for 1.2 billion yen.

Tokio Marine, Nichido Fire launch Millea Holdings

Tokio Marine, Nichido Fire launch Millea Holdings

TOKYO, Japan - The chairman and president of Millea Holdings Inc. -- Tomio Higuchi (R) and Kunio Ishihara -- shake hands at a ceremony in Tokyo on April 2 to launch the holding company, which integrated operations of Tokio Marine & Fire Insurance Co. and Nichido Fire & Marine Insurance Co.

Tokio Marine, Asahi Mutual ditch early merger

Tokio Marine, Asahi Mutual ditch early merger

TOKYO, Japan - Asahi Mutual Life Insurance Co. President Yuzuru Fujita (fore) and Tokio Marine & Fire Insurance Co. President Kunio Ishihara (back) take their seats for a news conference in Tokyo on Jan. 31. They said the two firms have scrapped a plan to integrate their life insurance operations in March 2003 by merging Asahi Mutual and a Tokio Marine subsidiary.

Tokio Marine, Asahi Mutual to mull regrouping plan

Tokio Marine, Asahi Mutual to mull regrouping plan

TOKYO, Japan - Tokio Marine & Fire Insurance Co. President Kunio Ishihara (L) and Asahi Mutual Life Insurance Co. President Yuzuru Fujita speak at a news conference in Tokyo on Nov. 13, 2001. They said the two firms have agreed to mull plans to integrate their life insurance operations as soon as possible in line with the planned creation of the Millea Insurance Group in March 2001.

Tokio Marine, Nichido Fire unveil outline of new holding firm

Tokio Marine, Nichido Fire unveil outline of new holding firm

TOKYO, Japan - Nichido Fire & Marine Insurance Co. President Tomio Higuchi (L) and Tokio Marine & Fire Insurance Co. President Kunio Ishihara shake hands at a news conference in Tokyo on Sept. 28. They announced the outline of their planned joint holding company and a new policy designed to provide tailor-made insurance coverage.

Tokio Marine, Asahi Mutual to mull regrouping plan

Tokio Marine, Asahi Mutual to mull regrouping plan

TOKYO, Japan - Tokio Marine & Fire Insurance Co. President Kunio Ishihara (L) and Asahi Mutual Life Insurance Co. President Yuzuru Fujita speak at a news conference in Tokyo on Nov. 13, 2001. They said the two firms have agreed to mull plans to integrate their life insurance operations as soon as possible in line with the planned creation of the Millea Insurance Group in March 2001.

Tokio Marine, Nichido Fire launch Millea Holdings

Tokio Marine, Nichido Fire launch Millea Holdings

TOKYO, Japan - The chairman and president of Millea Holdings Inc. -- Tomio Higuchi (R) and Kunio Ishihara -- shake hands at a ceremony in Tokyo on April 2 to launch the holding company, which integrated operations of Tokio Marine & Fire Insurance Co. and Nichido Fire & Marine Insurance Co.

Major insurers' nonpayment cases rise to over 200,000

Major insurers' nonpayment cases rise to over 200,000

TOKYO, Japan - Kunio Ishihara, president of Tokio Marine & Nichido Fire Insurance Co., apologizes at a news conference in Tokyo on Sept. 29 after Japan's top six nonlife insurers, including his company, have reported to financial authorities thousands of additional cases of failure to pay promised insurance benefits to policyholders. (Kyodo)

6 major nonlife insurers report 1.2 bil. yen in nonpayment cases

6 major nonlife insurers report 1.2 bil. yen in nonpayment cases

TOKYO, Japan - Japan's six major property and casualty insurance firms failed to pay a total of 1.22 billion yen in insurance claims in 4,365 cases involving medical and other ''third-sector'' insurance policies between July 2001 and June 2006, according to figures reported by them Oct. 31 to the Financial Services Agency. Kunio Ishihara (C), president of Tokio Marine & Nichido Fire Insurance Co., and executives of five other companies apologized during a news conference in Tokyo the same day. (Kyodo)

Tokio Marine & Nichido President Ishihara likely to resign: sour

Tokio Marine & Nichido President Ishihara likely to resign: sour

TOKYO, Japan - File photo shows Tokio Marine & Nichido Fire Insurance Co. President Kunio Ishihara, who is expected to resign at the end of June to facilitate the company's efforts to regain the trust of policyholders following a scandal involving nonpayment of insurance benefits, according to company sources on April 7. (Kyodo)

Tokio Marine & Nichido to reshuffle top management

Tokio Marine & Nichido to reshuffle top management

TOKYO, Japan - Tokio Marine & Nichido Fire Insurance Co., reeling from a scandal involving nonpayment of insurance benefits, has decided to reshuffle its top management with Shuzo Sumi (in file photo), senior management director, replacing Kunio Ishihara as president, informed sources said on April 12. Ishihara will become chairman without the right to represent the company, the sources said. (Kyodo)

Nonlife insurers punish execs over failures to pay benefits

Nonlife insurers punish execs over failures to pay benefits

TOKYO, Japan - President Kunio Ishihara (L) and Senior Managing Director Shuzo Sumi (R) of Tokio Marine & Nichido Fire Insurance Co. bow in apology at a news conference in Tokyo on April 13 where the insurer said it will punish senior executives over failure to pay due insurance benefits. Ishihara is stepping down and will be replaced by Sumi. (Kyodo)

Tokio Marine President Ishihara to resign over nonpayment scanda

Tokio Marine President Ishihara to resign over nonpayment scanda

TOKYO, Japan - Shuzo Sumi, senior managing director of Tokio Marine & Nichido Fire Insurance Co., speaks at a press conference on April 13 after being appointed to replace Kunio Ishihara as president. Japan's leading property and casualty insurer has been under fire for nonpayment of insurance benefits to policyholders. (Kyodo)

Tokio Marine President Ishihara to resign over nonpayment scanda

Tokio Marine President Ishihara to resign over nonpayment scanda

TOKYO, Japan - Kunio Ishihara (L), president of Tokio Marine & Nichido Fire Insurance Co., speaks at a press conference on April 13 after the company decided to promote Senior Managing Director Shuzo Sumi (R) to president in late June. Ishihara will become chairman without the right to represent the company, which has been under fire for nonpayment of insurance benefits to policyholders. (Kyodo)

Tokyo Stadium to be renamed Ajinomoto Stadium from next March

Tokyo Stadium to be renamed Ajinomoto Stadium from next March

TOKYO, Japan - Ajinomoto Co. President Kunio Egashira (L), Tokyo Gov. Shintaro Ishihara (C) and Tokyo Stadium President Shozo Toi hold up an ''Ajinomoto Stadium'' sign during a ceremony at Tokyo Metropolitan City Hall on Nov. 29. The seasoning maker obtained naming rights to Tokyo Stadium, a soccer field in Chofu run by a public-private third-sector entity, for five years for 1.2 billion yen. (Kyodo)

Japan, U.S. business leaders urge early implementation of TPP

Japan, U.S. business leaders urge early implementation of TPP

Kunio Ishihara (R), vice chairman of the Japan Business Federation, attends a press conference in Washington on Dec. 4, 2015, following an annual Japan-U.S. business leaders meeting, during which the leaders urged their governments and lawmakers to work hard to bring the Pacific trade pact into effect as soon as possible. (Kyodo) ==Kyodo

NHK management panel head Ishihara resigns

NHK management panel head Ishihara resigns

TOKYO, Japan - Kunio Ishihara, head of the management committee of Japan's public broadcaster NHK, who stepped down from the chairman post on April 10, citing the need to focus on his business as president of Tokio Marine & Nichido Fire Insurance Co. (Kyodo)

Japan, U.S. business chiefs urge sales tax hike to 10%

Japan, U.S. business chiefs urge sales tax hike to 10%

TOKYO, Japan - Kunio Ishihara (L), counselor at Tokio Marine & Nichido Fire Insurance Co., and John Lechleiter, chief executive officer of pharmaceutical firm Eli Lilly and Co., attend a press conference at a Tokyo hotel on Nov. 14, 2014, following an annual meeting of the Japan-U.S. Business Conference. The business leaders urged Japan's government to increase the consumption tax rate to 10 percent next year as planned to secure its commitment to fiscal rehabilitation. (Kyodo)

Japan, U.S. business leaders urge swift ratification of TPP

Japan, U.S. business leaders urge swift ratification of TPP

John Lechleiter (L), chief executive officer of pharmaceutical giant Eli Lilly and Co., and Kunio Ishihara, head of the Japan-U.S. Business Council, co-chair the Japan-U.S. Business Conference in Tokyo on Nov. 4, 2016. Japanese and U.S. business leaders called on their governments to quickly ratify the Trans-Pacific Partnership free trade pact so that it enters into force soon. (Kyodo) ==Kyodo

Tokio Marine, Nichido Fire to merge in 2004

Tokio Marine, Nichido Fire to merge in 2004

TOKYO, Japan - Tokio Marine & Fire Insurance Co. President Kunio Ishihara (R) and Nichido Fire & Marine Insurance Co. President Tomio Higuchi shake hands at a news conference in Tokyo on March 28 after announcing the merge of the two companies slated for Oct. 1, 2004. The merger, which will create Tokio Marine & Nichido Fire Insurance Co., is aimed at dealing with ''crustal changes'' in the market for property and casualty insurance. (Kyodo)

Tokio Marine to take one-third stake in Nisshin Fire

Tokio Marine to take one-third stake in Nisshin Fire

TOKYO, Japan - Michio Noda (L), president of Nisshin Fire & Marine Insurance Co., and Kunio Ishihara, president of Tokio Marine & Fire Insurance Co., shake hands at a news conference at the Bank of Japan's head office in Tokyo on Feb. 13 after announcing a business and capital alliance. (Kyodo)