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Zurich Insurance, other carriers fined for price fixing

Posted On: Aug. 2, 2019 7:02 AM CST

Price fixing

Portugal's competition regulator has fined four insurers nearly $60 million for running a cartel between 2014 and 2017, Reuters reported. The regulator said that Switzerland-based Zurich Insurance Group A.G. and Portugal-based Lusitania Companhia de Seguros S. A. among other insurers coordinated on prices for large corporate client workplace accident, health and auto insurance policies.

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