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.

4 Sumitomo Mitsui firms to enhance insurance alliance

4 Sumitomo Mitsui firms to enhance insurance alliance

TOKYO, Japan - Sumitomo Mitsui Banking Corp. and three insurers with ties to the Sumitomo Mitsui group said Nov. 22, 2001 they will bolster ties to enhance their ability to develop innovative insurance policies and boost marketing cooperation amid the harsh business environment. Seated at a Tokyo news conference are (From L to R) Mitsui Mutual Life Insurance Co. President Hiroshi Nishimura, Sumitomo Life Insurance Co. President Shinichi Yokoyama, Mitsui Sumitomo Insurance Co. Chairman Takeo Iguchi and Sumitomo Mitsui Banking Corp. President Yoshifumi Nishikawa.

4 Sumitomo Mitsui firms to enhance insurance alliance

4 Sumitomo Mitsui firms to enhance insurance alliance

TOKYO, Japan - Sumitomo Mitsui Banking Corp. and three insurers with ties to the Sumitomo Mitsui group said Nov. 22, 2001 they will bolster ties to enhance their ability to develop innovative insurance policies and boost marketing cooperation amid the harsh business environment. Seated at a Tokyo news conference are (From L to R) Mitsui Mutual Life Insurance Co. President Hiroshi Nishimura, Sumitomo Life Insurance Co. President Shinichi Yokoyama, Mitsui Sumitomo Insurance Co. Chairman Takeo Iguchi and Sumitomo Mitsui Banking Corp. President Yoshifumi Nishikawa.

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)