UPDATE 1-Hungary hands near-record fine to Allianz

Newswire

(Adds Generali saying it will appeal) BUDAPEST, Dec 21 (Reuters) - Hungary's competition authority (GVH) handed its second biggest fine to date to the Hungarian arm of German insurer Allianz SE for illegal agreements with car dealers on repair costs, the GVH said on Thursday. The GVH fined Allianz-Hungaria Biztosito Rt 5.32 billion forints ($27.6 million) for the agreements which allowed car dealers to charge a higher price for repairs if they sold more of Allianz's insurance policies to ...

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