Tokio Marine & Nichido Fire Insurance Co., Ltd. (東京海上日動火災保険株式会社, Tōkyō Kaijō Nichidō Kasai Hoken Kabushiki-Kaisha), commonly called Tokio Marine Nichido, is a property/casualty insurance subsidiary of Tokio Marine Holdings, the largest non-mutual private insurance group in Japan.
Tokio Marine Holdings was formerly known as Millea Group, which underwent a name change in July 2008.
[1] The company is one of the very few groups and individuals that still use the spelling Tokio for the city in the English language.
It was found that the company had fraudulently failed to pay out insurance claims in over 1000 cases.
They had also neglected to pay benefits on another 85,000 insurance products and overcharged policyholders on premiums, causing a major scandal involving over 7 billion yen ($86,000,000 in today’s money) and leading to penalties for over 170 executives.