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Italy's competition authority AGCM fined insurance groups UnipolSai and Generali 5 million euros ($5.10 million) each for allegedly carrying out unfair commercial practices, the authority said on Tuesday.
Source: www.reuters.com
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MILAN (Reuters) - Italy’s competition authority AGCM fined insurance groups UnipolSai and Generali 5 million euros ($5.10 million) each for allegedly carrying out unfair commercial practices, the authority said on Tuesday.
According to the watchdog, the two companies behaved in a way that considerably restricted the consumer’s freedom of choice with regards to compensation for motor insurance claims.
($1 = 0.9799 euros)
Reporting by Claudia Cristoferi, editing Federico Maccioni