2003 Social Report - PDF file - Unipol

REIMBURSEMENT OF TPL
[ Unipol Assicurazioni | Social Report 2003 – Edition Summary ]
SECTION III – SOCIAL REPORT
In April 2002, the Council of State confi rmed the sentence against the leading
companies in the sector, including Unipol, following prosecution by the Supervi-
sory Authority on Competition and Market.
Unipol and others have appealed the sentence on legal grounds. As a result of
the sentence, during 2002, about 1,500 customers requested a refund of 20%
on TPL policies paid between 1995 and 2000. Unipol has decided not to grant
these refunds, since tariffs were in line with the cost of claims, and hence has
appealed the sentence.
At the end of 2002, of the 1,254 sentences issued
by Justices of the Peace concerning the insurance
market, 788 were in favour of the customers and
466 in favour of the insurance companies. Unipol
Assicurazioni won 84 cases and lost 147, with an
overall cost of €183,000.
At the beginning of 2003, following media expo-
sure, many more cases were brought by custom-
ers to Justices of the Peace. Legal Decree no. 18
of 8 February 2003 has come into effect, obliging
the JP to decide on the basis of law and not of fair-
ness; the result has been to reduce the number of
cases, since negative decisions can be appealed
by the insurance companies and overturned by
the Courts.
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