Japan casualty insurers suspected of widespread policy price-fixing

5 comments

1. Surprise surprise!

   The Japanese Cartel is behind price schemes in insurance policies too.

   – Oh wow, I could’ve never guessed they had their hands in there **too**, as they have in Food, Retail, Hotels, Car parts and just about **EVERYTHING** else someone may want to buy.

   /Sarcasm Off

2. Coke and Pepsi have been doing there forever.

3. Seriously. Everything “major” here is mafia.
   Wanna rent? Ok bullshit fees and dealing with people that just should be eliminated from the process.
   Get married? Ok bullshit fees and overpriced food, photos whatever .
   Wanna buy? Ok bullshit fees
   Wanna get an education? OK! Have to go to juku, private school, eikawa and spend on taking tests like eiken because “it’s needed”…

   I like living here but I am so sick of shit like this.

4. What about endless legally required car inspections, like every 12 months or so. Sometimes it seems like the Japanese government writes laws that have been heavily influenced by various business lobby groups, various “special interest” groups.

5. > To spread the risk of a huge payout obligation, insurers often opt for joint contracts.

   > This arrangement has made it easier for sales representatives at different insurers to exchange information with their counterparts, including their premium quotes.

   What a joke. There is insurance underwriting for this same purpose!