Financial Services Agency to compile report including review of non-life insurance industry practices. Big Motor's fraudulent insurance claims and the four major non- life insurance companies involved in fraudulent claims with companies and local governments.
At the first meeting on the 26th, Tatsunori Ibayashi, Deputy Minister of the Cabinet Office, who is in charge of finance, stated, ``We need to reform corporate culture that neglects customer protection,'' and expressed his intention to thoroughly prevent this from happening again.