By Kim Tae-jong
While companies are considering lowering car insurance premiums, drivers aren’t celebrating as they know momentary mercy when they see it.
Some consumers are already worried about the possibility of the firms pushing down prices marginally and using that as an excuse to hike them dramatically once they no longer feel the need to massage the public’s egos.
Plans by non-insurance firms to reduce their prices are obviously influenced by government efforts to tame inflation by pressing companies not to raise the price of products and services.
Samsung Fire & Marine Insurance, the industry’s top player and pressured to set an