UK Relaxes Terms Of Auto Insurers' Data Sharing Pact

Law360, New York (October 3, 2011, 1:24 PM EDT) -- The U.K.'s competition watchdog proposed Friday that it allow Aviva PLC and six other auto insurers to swap pricing data that is as recent as six months old, shrinking the three-year minimum waiting period established following a recent antitrust probe.

The Office of Fair Trading's proposal would modify formal commitments the insurers and two software companies offered up in January, after the agency determined the insurers' use of a price-sharing software program presented an increased risk of price coordination.

The agency said that after consulting with...
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