Italian Auto Insurers Being Investigated For Potential Antitrust Violations
On June 12, the Italian Antitrust Authority announced that it was commencing an investigation into possible price fixing conduct by a collection of Italian auto insurers. The insurers reportedly being investigated include Assicurazioni Generali, Fondiari SAI, Unipol, Allianz, Reale Mutua, Cattolica Assicurazioni, AXA and Groupama. Collectively, they provide auto insurance for approximately 80% of the Italian auto insurance market.
The investigation is expected to be completed by June 2014.