`
Collusion isn’t unprecedented in Japan’s notoriously clubby, ¥9.92 trillion ($63 billion) general insurance market, the fourth-biggest in the world. But the pressures brought on by the effects of climate change – worsening natural disasters, skyrocketing claims – triggered a wave of price-fixing that gobsmacked even the most jaded regulators.
'
https://www.bloomberg.com/news/features/2024-12-25/crime-climate-force-japan-s-insurance-industry-to-sell-stocks
https://archive.ph/aCz56#selection-1573.0-1573.344
Andrew Henry
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2024-12-26 12:55:51 UTC
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