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Japan Nonlife Insurers Apologize to Shareholders over Scandals

Japan Nonlife Insurers Apologize to Shareholders over Scandals

   Tokyo, June 24 (Jiji Press)--Leaders of three major Japanese nonlife insurers apologized at their respective general shareholders meetings Monday over scandals rocking the industry.
   The three--Sompo Holdings Inc., Tokio Marine Holdings Inc. and MS&AD Insurance Group Holdings Inc.--have been affected by incidents such as a fraudulent insurance claims scandal involving used car dealer Bigmotor Co. and collusion to rig premiums for corporate clients.

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AFP-JIJI PRESS NEWS JOURNAL


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