Zurich Insurance, other carriers fined for price fixing

Source: Business Insurance

August 02, 2019 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.