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Sompo adds C-suite pay cuts in ongoing response to auto claims fraud

Sompo adds C-suite pay cuts in ongoing response to auto claims fraud
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Japan , Japanese , Kengo-sakurada , Satoshi-iitoyo , Masahiro-hamada , Mikio-okumuria , Yoshihiro-uotani , Shinichi-hara , Giichi-shirakawa ,

Sompo CEO to step down over Bigmotor insurance fraud scandal

Major Japanese insurance firm Sompo Holdings Inc CEO Kengo Sakurada said Friday he will step down at the end of March to take responsibility for the company's involvement in used car dealer Bigmotor Co's insurance fraud scandal. The announcement comes after Japan's financial watchdog ordered Sompo on Thursday to improve…

Japan , Tokyo , Japanese , Kengo-sakurada , Giichi-shirakawa , Mikio-okumura , Sompo-japan-insurance-inc , Sompo-holdings , Financial-services-agency , Sompo-holdings-inc , Bigmotor-co , Major-japanese

Sompo CEO to step down over Bigmotor insurance fraud scandal

Major Japanese insurance firm Sompo Holdings Inc. CEO Kengo Sakurada says he will step down at the end of March to take responsibility for the company's involvement in used car dealer Bigmotor Co.'s insurance fraud scandal.

Japan , Tokyo , Japanese , Kengo-sakurada , Mikio-okumura , Giichi-shirakawa , Bigmotor-co , Financial-services-agency , Sompo-holdings , Sompo-holdings-inc , Sompo-japan-insurance-inc , Major-japanese

TOKYO (Kyodo) -- Major Japanese insurance firm Sompo Holdings CEO Kengo Sakurada said Friday he will step down at the end of March to take responsibil

Japan , Tokyo , Giichi-shirakawa , Kengo-sakurada , Mikio-okumura , Sompo-holdings , Financial-services-agency , Sompo-japan-insurance , Chief-operating-officer-mikio , Japan-insurance-president-giichi-shirakawa , Outgoing , Sompo

Panel raps Sompo Japan's resumption of business with Bigmotor

The report said the resumption of business was caused by concerns among Sompo Japan execs about possibly losing deals with Bigmotor to rivals.

Giichi-shirakawa , Sompo-holdings , Sompo-japan-insurance , President-giichi-shirakawa , Sompo-japan , Igmotor , Sed-cars , Nsurance , Raud ,

Financial watchdog searches Bigmotor, Sompo Japan over fraud case

Japan's financial watchdog on Tuesday began searches at offices of major used car dealer network Bigmotor Co and casualty insurer Sompo Japan Insurance Inc as part of a high-profile insurance fraud investigation. The Financial Services Agency aims to scrutinize ties between the companies after Bigmotor was found to have charged…

Japan , Tokyo , Shinjuku , Kanagawa , Kengo-sakurada , Hiroyuki-kaneshige , Shunichi-suzuki , Giichi-shirakawa , Sompo-japan-insurance-inc , Financial-services-agency , Bigmotor-co , Sompo-holdings-inc

Financial watchdog searches Bigmotor, Sompo Japan over fraud case

Japan's financial watchdog searches offices of major used car dealer network Bigmotor Co. and casualty insurer Sompo Japan Insurance Inc. as part of a high-profile insurance fraud investigation.

Tokyo , Japan , Shinjuku , Kanagawa , Hiroyuki-kaneshige , Kengo-sakurada , Giichi-shirakawa , Sompo-japan-insurance-inc , Bigmotor-co , Financial-services-agency , Sompo-holdings-inc , Sompo-japan-insurance

FSA searches Bigmotor, Sampo offices over fraud scandal | The Asahi Shimbun: Breaking News, Japan News and Analysis

Investigators searched the offices of Bigmotor Co. and Sompo Japan Insurance Inc. on Sept. 19 for evidence substantiating allegations of fraudulent auto insurance claims involving the two companies.

Tokyo , Japan , Shinjuku , Kanagawa , Kohei-higashitani , Hiroyuki-kaneshige , Giichi-shirakawa , Yasuyuki-onaya , Sompo-japan-insurance-inc , Sompo-holdings-inc , Bigmotor-co , Financial-services-agency

EDITORIAL: Sompo Japan put own interests first as Bigmotor scandal unfolded | The Asahi Shimbun: Breaking News, Japan News and Analysis

Sompo Japan Insurance Inc. President Giichi Shirakawa announced his resignation on Sept. 8 to take responsibility for the company’s handling of alleged fraudulent insurance claims by leading used car dealer Bigmotor Co.

Japan , Kansai , Japan-general- , Giichi-shirakawa , Kengo-sakurada , Asahi-shimbun , Bigmotor-co , Kansai-electric-power-co , Sompo-holdings-inc , Mitsubishi-electric-corp , Fair-trade-commission , Financial-services-agency

Kyodo News Digest: Sept. 9, 2023

Here is the latest list of selected news summaries by Kyodo News.

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