According to individuals familiar with the situation, during Sompo Japan’s executive meeting in July of the previous year, some participants suggested launching an inquiry alongside the company’s voluntary investigation into Bigmotor’s claims. However, Shirakawa and some other executives expressed concern that an additional investigation might negatively impact Sompo Japan’s relationship with the used car dealer, which had contributed to an increase in the insurer’s auto insurance policyholders.
Based in New York, Stephen Freeman is a Senior Editor at Trending Insurance News. Previously he has worked for Forbes and The Huffington Post. Steven is a graduate of Risk Management at the University of New York.