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Latest news on Japan: business, politics, commentary, sports, culture, life and more
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News
Prudential Life Insurance posts 12.6% profit dip after employee fraud
3+ mon, 2+ week ago (191+ words) Prudential Life Insurance said Tuesday that its core profit declined 12.6% to ¥40.2 billion in the fiscal year ended in March from a year earlier due to the fallout of fraud involving former and current employees. Insurance premium revenue fell 6.6% to ¥1,454.9 billion…...
Prudential Life Insurance suspends sales for additional 180 days
4+ mon, 3+ week ago (135+ words) The Japan Times Prudential Life Insurance is extending its initial 90-day sales suspension for an additional 180 days after disclosing that around 400 more complaints have been filed against current and former employees for alleged misappropriation of customer funds, bringing the total…...