Due to this dynamic, striving to maximize market share at the
expense of one's rivals makes predation highly rational;
indeed, it would be irrational
for a
business not to frontload losses in order to capture the market.
«Review of the «Assurance of Discontinuance» provides rich,
indeed stunning, detail into how
business was done at the
expense of corporate policyholders in particular whose premiums were sufficiently large as to make bid - rigging, kickbacks, lying, and cheating lucrative
for the participants — both the individuals whose bonuses and power reflected their success in
business and the companies that employed them that generated large premiums from the widespread conspiracy and corruption endemic to the top - tier of the insurance brokerage industry and the insurers that paid them.»