Monday July 6, 2020

Vestager pulling the threads in insurance cartel probe

The European Commission is ramping up its probe into the Irish motor insurance industry, which some here claim is operating a cartel by restricting access to database

19th May, 2019
Margrethe Vestager: the outgoing EU competition commissioner has shown an aggressive approach to breaches of competition law Pic: Getty

Nearly two years after a series of dawn raids on Irish motor insurers, the European Commission has escalated its investigation into whether the industry is operating a cartel by restricting access to a database.

Putting the proceedings on a formal footing is not a step taken lightly by the commission. Nor has it been taken in haste.

Material was seized back in July 2017. Whether there is a smoking gun remains to be seen. Insurance...

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