Insurance Age

Insurers could face a wave of price-fixing claims

Insurers could face a wave of price-fixing claims following a case currently in the European Court of Justice (ECJ), according to law firm Barlow Lyde & Gilbert. An opinion of the Advocate-General - whose opinions are normally followed by the ECJ - states that policyholders can claim damages for paying higher premiums as a result of unlawful agreements between insurers. Significantly the agreement in question was not on price fixing but merely an arrangement under which the insurers swap

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