The Insurance Commission’s (IC) move to increase the minimum catastrophe insurance rates is an anti-competitive policy that will just incentivize cartels and pass on additional burdens to consumers in the form of price hikes. Thus, underscored AGRI Party-list Rep. Wilbert on Sunday, Feb. 26, following a public hearing of the ...

Source: Manila Bulletin (https://mb.com.ph/2023/02/26/solon-slams-insurance-commissions-pro-cartel-move/?utm_source=rss&utm_medium=rss&utm_campaign=solon-slams-insurance-commissions-pro-cartel-move)