Japan's four leading property and casualty insurers admitted on Thursday to having shared contract information of their auto insurance customers with their competitors, following a recent series of sc
A total of about 130 executives at four major Japanese property and casualty insurance companies will take up to 50 percent pay cuts for colluding to fix prices in contracts with corporate customers and government agencies, the companies said Thursday. The four insurers also submitted business improvement plans the same…
Japan's financial watchdog orders four major property insurers to improve their business operations after finding they colluded to set inflated insurance premiums for corporate customers and government agencies.