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Meiji Yasuda Life's President, Chairman Resign Over Payout Failure

11, 09. 2005
Meiji Yasuda Life Insurance Co. announced on Oct. 21 that President Ryotaro Kaneko and the company's chairman and vice-president would resign their positions. Amid intensified competition in the sector, the company has been accused of unfairly tightening payout standards, having refused to make insurance payments in 1,052 cases in the past five years.

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