TOKYO, Nov 02 (Information On Japan) –
Japan’s Honest Commerce Fee has ordered 4 main insurance coverage firms — Mitsui Sumitomo Insurance coverage, Sompo Japan, Aioi Nissay Dowa Insurance coverage, and Tokio Marine & Nichido Fireplace Insurance coverage — to pay fines totaling over 2 billion yen for collaborating to debate estimates and bid quantities, resulting in premium will increase.
On October thirty first, the Honest Commerce Fee discovered these firms in violation of the Antimonopoly Act throughout a number of areas and imposed fines totaling over 2 billion yen.
Supply: ANN
