Insurers Outraged By early Illinois Auto Part
Insurance industry organizations are up in arms over to Illinois appellate court ruling affirming a $ 1 billion verdict against State Farm Insurance Company in a dispute over the use of competitive auto parts.
Insurance associations spoke out strongly against the ruling by the state’s Fifth District Court of Appeal in Mt Vernon, Ill. The groups said that if allowed to stand, the trial court’s verdict in October 1999 vs. State Farm. Avery could result in an auto parts monopoly for original equipment manufacturers that could dramatically raise costs for consumers.
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