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Italy's antitrust starts probe into alleged cartel among insurance companies

By Reuters

MILAN (Reuters) – Italy’s competition watchdog antitrust said on Friday it had opened an investigation into an alleged cartel among insurance companies and price comparators in the motor business.

In a statement the regulator said the companies involved would regularly exchange sensitive information on the economic conditions of policies sales by sharing reports drawn up by the price comparison companies.

(Reporting by Maria Pia Quaglia, editing by Gianluca Semeraro)