Meiji Yasuda Life Insurance Co. said Friday that company President Ryotaro Kaneko and two other top executives will resign to take responsibility for a scandal involving the firm's failure to pay insurance claims.
In a report issued following an in-house investigation, however, Meiji Yasuda denied having refrained from paying out due insurance claims on the instruction of top managers, including the three outgoing executives.
"I had no knowledge that our company had improperly refused payments" on claims, Kaneko told a news conference following the report's release.
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