A series of recent scandals has brought to light deeply entrenched and problematic business practices within the nonlife insurance industry in Japan, creating pressure to overhaul the long-standing business model. https://www.japantimes.co.jp/business/2025/07/22/companies/nonlife-insurers-business-model/?utm_medium=Social&utm_source=mastodon #business #companies #insurance #bigmotor #depopulation #tokiomarine #msad

Japan's Financial Services Agency has decided to issue business improvement orders to car dealer Toyota Mobility Tokyo and used-car dealer Goodspeed, with both suspected of illegal practices. https://www.japantimes.co.jp/business/2025/01/21/companies/toyota-fsa-order-improvement/?utm_medium=Social&utm_source=mastodon #business #companies #fsa #toyota #goodspeed #carmakers #insurance #bigmotor

Wecars, a new company to manage operations at Bigmotor, a scandal-hit Japanese used car dealer, was established Wednesday according to shareholder trading house Itochu. https://www.japantimes.co.jp/business/2024/05/01/companies/new-firm-formed-to-take-over-bigmotor/ #business #companies #bigmotor #wecars #usedcars #insurance

Trading house Itochu says it has signed a contract to provide turnaround support to Bigmotor, a used car dealer struggling due to an insurance claims fraud scandal. https://www.japantimes.co.jp/business/2024/03/06/companies/itochu-bigmotor-turnaround-support/ #business #companies #itochu #bigmotor

Toshiyuki Kamohara, 51, has become the first Bigmotor employee to be detained on suspicion of damaging property in relation to the scandal-tainted company's inappropriate practice of felling roadside trees around stores in many parts of the country. https://www.japantimes.co.jp/news/2024/01/31/japan/crime-legal/bigmotor-official-arrest-roadside-trees/?utm_content=buffer535af&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #japan #crimelegal #bigmotor #usedcars #japanesepolice #kanagawa

Sompo Holdings' Kengo Sakurada is planning to step down as CEO at the end of March, over automobile insurance fraud at used-car dealer Bigmotor, ahead of expected business improvement orders from the Financial Services Agency to the firm and its subsidiary. https://www.japantimes.co.jp/business/2024/01/23/companies/japan-sompo-ceo-resignation/?utm_content=buffer1da24&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #sompo #insurance #bigmotor #fraud

Japan's Financial Services Agency plans to revoke major used car dealer Bigmotor's registration as an insurance agent on Nov. 30 following revelations about its fraudulent auto insurance claims. https://www.japantimes.co.jp/business/2023/11/14/companies/bigmotor-insurance-registration-revoke/?utm_content=buffer38780&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #bigmotor #insurance #fsa #shunichisuzuki

The transport ministry has ordered major used car dealer Bigmotor to halt operations at a quarter of its vehicle maintenance outlets after finding that the firm had charged excessive repair and inspection fees. https://www.japantimes.co.jp/business/2023/10/24/companies/bigmotor-halt-operations/?utm_content=buffer7550c&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #bigmotor #sompo #financialservicesagency #mlit

Japan's transport ministry on Friday moved closer toward punishing 34 outlets of Bigmotor over fraudulent auto insurance claims. https://www.japantimes.co.jp/business/2023/10/20/companies/transport-ministry-bigmotor-hearings/?utm_content=bufferb5eb9&utm_medium=social&utm_source=mastodon&utm_campaign=bffmstdn #business #companies #bigmotor #fraud