Tokio Marine's nonpayment cases

Tokio Marine's nonpayment cases

TOKYO, Japan - Tsuyoshi Nagano, president of Tokio Marine & Nichido Fire Insurance Co., holds a press conference in Tokyo on Feb. 7, 2014, regarding cases of unpaid insurance benefits involving the company.

5 of 6 top nonlife insurers see drops in FY 2006 profits

5 of 6 top nonlife insurers see drops in FY 2006 profits

TOKYO, Japan - Millea Holdings Inc. Executive Director Tomohiro Kotani (C) speaks at a press conference about the company's business results for fiscal 2006. Five of Japan's six major nonlife insurers saw their net profits decline in fiscal 2006 due to increased insurance payments following a powerful typhoon and risings costs to deal with their nonpayment of legitimate insurance claims.

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.

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.

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.

Mitsui ordered to indefinitely suspend medical insurance sales

Mitsui ordered to indefinitely suspend medical insurance sales

TOKYO, Japan - Mitsui Sumitomo Insurance Co. Chairman Takeo Iguchi (L) and President Hiroyuki Uemura bow in a gesture of apology at a press conference in Tokyo on June 21 after the Financial Services Agency ordered the company to halt sales of medical insurance products for an indefinite period of time from July 10 as part of its punishment for the nonpayment of insurance claims.

Meiji Yasuda president, execs to quit in nonpayment scandal

Meiji Yasuda president, execs to quit in nonpayment scandal

TOKYO, Japan - Meiji Yasuda Life Insurance Co. President Ryotaro Kaneko speaks at a press conference on Oct. 21 on his decision to resign to take the blame for a scandal involving the company's failure to pay insurance claims.

Meiji Yasuda president to resign over unpaid insurance money

Meiji Yasuda president to resign over unpaid insurance money

TOKYO, Japan - Meiji Yasuda Life Insurance Co. President Ryotaro Kaneko (C), flanked by his aides, bow by way of apology at a press conference after announcing his intention to resign on July 5. Japan's third-largest life insurer is likely to come under public scrutiny following new findings that it has more cases of illegal nonpayment of insurance money than earlier reported.

Meiji Yasuda president to resign over unpaid insurance money

Meiji Yasuda president to resign over unpaid insurance money

TOKYO, Japan - Meiji Yasuda Life Insurance Co. President Ryotaro Kaneko speaks at a press conference in Tokyo after announcing his intention to resign at the firm's representative members' meeting on July 5. Japan's third-largest life insurer is likely to come under public scrutiny following new findings that it has more cases of illegal nonpayment of insurance money than earlier reported.

Meiji Yasuda president to resign over unpaid insurance money

Meiji Yasuda president to resign over unpaid insurance money

TOKYO, Japan - A monitor screen shows executives of Meiji Yasuda Life Insurance Co. apologizing at the firm's representative members' meeting in Tokyo on July 5 as it is likely to come under public scrutiny following new findings that the insurer has more cases of illegal nonpayment of insurance money than earlier reported.

Meiji Yasuda president to resign over unpaid insurance money

Meiji Yasuda president to resign over unpaid insurance money

TOKYO, Japan - Meiji Yasuda Life Insurance Co. President Ryotaro Kaneko (file photo) announced his intention to resign at the firm's representative members' meeting on July 5, as it is likely to come under public scrutiny following new findings that the insurer has more cases of illegal nonpayment of insurance money than earlier reported.

Pension nonpayment issue continues to rock Japanese politics

Pension nonpayment issue continues to rock Japanese politics

TOKYO, Japan - Democratic Party of Japan leader Naoto Kan, facing mounting pressure to step down over his failure to pay national pension premiums, responds to questions from reporters in Tokyo on May 8 after appearing on a TV program.

Tanigaki did not pay pension premiums for 4 more months

Tanigaki did not pay pension premiums for 4 more months

TOKYO, Japan - Finance Minister Sadakazu Tanigaki tells reporters May 8 he failed to pay mandatory national pension premiums for four more months before becoming a lawmaker, bringing his total period of nonpayment to 21 months. Tanigaki is among seven Cabinet members since late April to admit similar nonpayments.

Meiji Yasuda president to resign over unpaid insurance money

Meiji Yasuda president to resign over unpaid insurance money

TOKYO, Japan - Meiji Yasuda Life Insurance Co. President Ryotaro Kaneko (file photo) announced his intention to resign at the firm's representative members' meeting on July 5, as it is likely to come under public scrutiny following new findings that the insurer has more cases of illegal nonpayment of insurance money than earlier reported. (Kyodo)

Meiji Yasuda president to resign over unpaid insurance money

Meiji Yasuda president to resign over unpaid insurance money

TOKYO, Japan - A monitor screen shows executives of Meiji Yasuda Life Insurance Co. apologizing at the firm's representative members' meeting in Tokyo on July 5 as it is likely to come under public scrutiny following new findings that the insurer has more cases of illegal nonpayment of insurance money than earlier reported. (Kyodo)

Meiji Yasuda president to resign over unpaid insurance money

Meiji Yasuda president to resign over unpaid insurance money

TOKYO, Japan - Meiji Yasuda Life Insurance Co. President Ryotaro Kaneko speaks at a press conference in Tokyo after announcing his intention to resign at the firm's representative members' meeting on July 5. Japan's third-largest life insurer is likely to come under public scrutiny following new findings that it has more cases of illegal nonpayment of insurance money than earlier reported. (Kyodo)

Meiji Yasuda president, execs to quit in nonpayment scandal

Meiji Yasuda president, execs to quit in nonpayment scandal

TOKYO, Japan - Meiji Yasuda Life Insurance Co. President Ryotaro Kaneko speaks at a press conference on Oct. 21 on his decision to resign to take the blame for a scandal involving the company's failure to pay insurance claims. (Kyodo)

Mitsui ordered to indefinitely suspend medical insurance sales

Mitsui ordered to indefinitely suspend medical insurance sales

TOKYO, Japan - Mitsui Sumitomo Insurance Co. Chairman Takeo Iguchi (L) and President Hiroyuki Uemura bow in a gesture of apology at a press conference in Tokyo on June 21 after the Financial Services Agency ordered the company to halt sales of medical insurance products for an indefinite period of time from July 10 as part of its punishment for the nonpayment of insurance claims. (Kyodo)

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)

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)

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)

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)

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)

5 of 6 top nonlife insurers see drops in FY 2006 profits

5 of 6 top nonlife insurers see drops in FY 2006 profits

TOKYO, Japan - Millea Holdings Inc. Executive Director Tomohiro Kotani (C) speaks at a press conference about the company's business results for fiscal 2006. Five of Japan's six major nonlife insurers saw their net profits decline in fiscal 2006 due to increased insurance payments following a powerful typhoon and risings costs to deal with their nonpayment of legitimate insurance claims. (Kyodo)

Meiji Yasuda president to resign over unpaid insurance money

Meiji Yasuda president to resign over unpaid insurance money

TOKYO, Japan - Meiji Yasuda Life Insurance Co. President Ryotaro Kaneko (C), flanked by his aides, bow by way of apology at a press conference after announcing his intention to resign on July 5. Japan's third-largest life insurer is likely to come under public scrutiny following new findings that it has more cases of illegal nonpayment of insurance money than earlier reported. (Kyodo)

Tanigaki did not pay pension premiums for 4 more months

Tanigaki did not pay pension premiums for 4 more months

TOKYO, Japan - Finance Minister Sadakazu Tanigaki tells reporters May 8 he failed to pay mandatory national pension premiums for four more months before becoming a lawmaker, bringing his total period of nonpayment to 21 months. Tanigaki is among seven Cabinet members since late April to admit similar nonpayments. (Kyodo)

Pension nonpayment issue continues to rock Japanese politics

Pension nonpayment issue continues to rock Japanese politics

TOKYO, Japan - Democratic Party of Japan leader Naoto Kan, facing mounting pressure to step down over his failure to pay national pension premiums, responds to questions from reporters in Tokyo on May 8 after appearing on a TV program. (Kyodo)