Update September 2010: The Ninth Circuit has denied rehearing. The Ninth Circuit has reversed the dismissal of a putative class action alleging that major auto insurers conspired to use inferior repair parts while telling their customers that they were providing premium repair service that would return cars to “pre-loss” condition. As a result of the conspiracy, […]
Category Archives: Insurance Issues
EC Investigating Marine Insurance Providers
August 31, 2010 – 2:57 pm
The EC is investigating a network of ship insurers known as the International Group of Proection & Indemnity Clubs exploring concerns about claim-sharing and joint-reinsurance agreements. The EC announced that it would look into whether the organization’s agreements with member insurers restrains competition. The investigation was triggered by the expiration of an exemption applicable to insurance agreement […]
Insurance Conspiracy Case Partially Dismissed
August 19, 2010 – 2:20 pm
The Third Circuit dismissed a major portion of the Insurance Brokers’ Antitrust Litigationon the ground that the complaint fails to adequately allege an a horizontal agreement among insurers. Although the plaintiffs alleged agreements between particular insurers and brokers, the insurers had sufficient incentive to enter those vertical agreements even if the insurers had not agreed […]