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Page 2 - Santam Namibia News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Stay updated with breaking news from Santam Namibia. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

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Vehicle insurance firms fined for allegedly fixing car repair prices - Vimarsana News

Vehicle insurance firms fined for allegedly fixing car repair prices

Vehicle insurance firms fined for allegedly fixing car repair prices Two vehicle insurance firms have agreed to pay a fine in a settlement agreement but investigations into five other firms are still ongoing. The Namibian Competition Commission has fined insurance firms, Santam Namibia and Hollard Insurance Company of Namibia, N$20.5 million for alleged “unintentional” price fixing, related to vehicle repair work, in a settlement agreement. The settlement agreement still needs to be made an order of the court before the fines will be paid over to the commission.  The commission said in a...