> They could collude to set prices, but that's illegal in the US. Interestingly, that is not true for insurance companies[0], at least at the federal level. Th

> They could collude to set prices, but that's illegal in the US. Interestingly, that is not true for insurance companies[0], at least at the federal level. They are exempt from a lot of federal law. >The McCarran–Ferguson Act, 15 U.S.C. §§ 1011-1015, also known as Public Law 15,[1] is a United States federal law that exempts the business of insurance from most federal regulation, including federal antitrust laws to a limited extent. [0]https://en.wikipedia.org/wiki/McCarran%E2%80%93Ferguson_Act https://en.wikipedia.org/wiki/McCarran%E2%80%93Ferguson_Act