Earlier this month, several Japanese nonlife insurance companies owned up to a raft of payment failures relating to automobile and fire insurance claims.
Fourteen insurers have thus far been caught up in the scandal, with the combined number of cases on nonpayment over the past three years believed to be as high as 130,000, and worth more than 5 billion yen.
The following are questions and answers pertaining to the background and the impact of the industrywide scandal.