![](https://www.pymnts.com/wp-content/uploads/2022/08/shutterstock_2177340807.png)
Italy’s competition authority AGCM fined Generali and UnipolSai, the country’s two top insurance groups, five million euros ($5.1 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.
Generali, Italy’s largest insurer, said in a statement it deemed the watchdog’s charges “unfounded” and wanted to appeal the decision.
“Generali Italia always guarantees the widest care and protection for clients and third parties who were damaged… paying the utmost attention to compliance with regulations at every stage of the claims settlement process,” it said in a statement.
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Canadian Breadmakers Settle Price-Fixing Lawsuit
Jul 25, 2024 by
CPI
EssilorLuxottica Open to Meta as Shareholder, Says CEO Francesco Milleri
Jul 25, 2024 by
CPI
California Supreme Court Upholds Proposition 22, Securing Independent Contractor Status for Uber and Lyft Drivers
Jul 25, 2024 by
CPI
Paramount Global Investor Sues to Block Skydance Media Merger
Jul 25, 2024 by
CPI
Software Vendors Win Class Action Status in Antitrust Case Against CDK Global
Jul 25, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – International Trade & Antitrust
Jul 26, 2024 by
CPI
What is Wrong with the WTO Discipline on Subsidies?
Jul 26, 2024 by
CPI
The Abiding Tension Between Trade Remedy Law and Antitrust
Jul 26, 2024 by
CPI
Trade and Antitrust: An End to Isolationism
Jul 26, 2024 by
CPI
International Trade Law and Domestic Regulation of Generative Artificial Intelligence: Divergent Approaches?
Jul 26, 2024 by
CPI