Italy's antitrust fines UnipolSai, Generali over unfair commercial practices

[August 09, 2022]  MILAN (Reuters) - Italy's competition authority AGCM fined insurance groups UnipolSai and Generali 5 million euros ($5.10 million) each for allegedly carrying out unfair commercial practices, the authority said on Tuesday.

The Generali logo is seen at the insurer's building in Milan, Italy November 5, 2018. REUTERS/Stefano Rellandini/File Photo

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.

($1 = 0.9799 euros)

(Reporting by Claudia Cristoferi, editing Federico Maccioni)



 

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