Tokyo, July 24 (Jiji Press)–Prudential Life Insurance Co. and Gibraltar Life Insurance Co. said Friday that a total of 2.42 billion yen in claims for compensation sought by 447 clients over fraud involving employees had been acknowledged as of July 8. The companies’ compensation committee comprising external experts is in the process of reviewing claims from clients. They aim to complete the process by around autumn. Prudential said it will compensate a total of 1.46 billion yen to 285 clients. The company said 790 million yen had already been returned to clients by employees as of Jan. 16, when the company disclosed that employees had committed fraudulent acts. Gibraltar acknowledged 170 million yen in claims sought by 24 clients. The companies said they are receiving new claims that will also be reviewed. END [Copyright The Jiji Press, Ltd.]
Prudential, Gibraltar Acknowledge 2.4 B. Yen in Claims for Compensation
Related Posts
Japan to Set No Limits on Budget Requests for Growth Investment
Tokyo, July 24 (Jiji Press)–The Japanese government plans to set no upper limits on spending requests related to growth investments under budget request guidelines for fiscal 2027, which starts next April, officials said Friday. Agencies will be allowed to make such requests
Japan Sets Up Panel on Oil Product Stockpiles
Tokyo, July 24 (Jiji Press)–Japan’s trade ministry said Friday that it has set up a working group to examine measures for stockpiling oil products, including naphtha, and diversifying crude oil procurement sources. The working group will discuss mid- and long-term strategies in
