Italian Liability Insurers Hit With $17M Antitrust Fines

Law360, New York (October 5, 2011, 3:31 PM EDT) -- Italy's competition watchdog said Monday that it had slapped insurers Gerling, Faro and Navale, as well as multifirm agency Primogest, with more than €13 million ($17.3 million) in fines for an agreement that allegedly stifled competition in the health care liability coverage sector.

Gerling, Faro, Navale and Primogest set up a complex agreement, which lasted from 2003 through 2008, under which they divvied up tenders for health care liability coverage in Campania, a region in southern Italy, according to the Autorita Garante della Concorrenza e del...
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