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EU Backs Partial Insurance Block Exemption Renewal

Law360 (March 24, 2009, 12:00 AM EDT) -- The European Commission has recommended extending antitrust exemptions for insurance companies to share statistical information in order to assess risks and create insurance pools beyond the March 2010 expiration, but has found that two other current exemptions should not be renewed because they are not specific to the industry.

The preliminary findings, adopted Tuesday as part of a report to the European Parliament and Council on the Insurance Block Exemption Regulation, noted that agreements on both standard policy conditions and security devices should not continue to...
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