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The Collaborative Clearinghouse for Lawsuits and Other Claims Against ACE Group Insurance Companies

Ace American Insurance Company

ACE on a Spending Spree, But Whose Money is Being Spent?

On July 30, 2010, the Wall Street Journal ran a story that raised questions about the use of the billions of dollars in extra capital reserves that ACE, Ltd. has accumulated, leaving analysts to wonder what Chief Executive Evan Greenberg plans to do with the “stash”.

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BRAWNER v. CHISMAR et al Complaint

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BISSETTE v. RAIN & HAIL, L.L.C. et al Complaint

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WARNER v. MINNESOTA LIFE INSURANCE COMPANY et al Complaint

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NY Attorney General: Ace Settles Bid Rigging Probe - Press Release

Agreement is Part of Ongoing Effort to Restore Competition in Insurance Industry

Attorney General Spitzer and State Insurance Superintendent Howard Mills today announced an agreement with ACE, Ltd, a Bermuda-based holding company that trades on the New York Stock Exchange, and its United States subsidiaries to resolve allegations of bid-rigging and improper "finite reinsurance" transactions.

Connecticut Attorney General Richard Blumenthal and Illinois Attorney General Lisa Madigan also joined in today's settlement.

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Connecticut Attorney General Announces Insurer ACE to Pay $80 Million to Settle Bid Rigging Allegations - Press Release

Attorney General Announces Insurer ACE to Pay $80 Million to Settle Bid Rigging Allegations

 

April 26, 2006

 

Attorney General Richard Blumenthal today announced that insurer ACE, Limited (ACE) will pay $80 million in an agreement with Connecticut, Illinois and New York to settle allegations it rigged bids and secretly paid insurance brokers tens of millions of dollars in exchange for steering business to ACE.

 

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New York Attorney General: ACE Settles Bid Rigging Probe - Press Release

April 26, 2006

 

Agreement is Part of Ongoing Effort to Restore Competition in Insurance Industry

 

Attorney General Spitzer and State Insurance Superintendent Howard Mills today announced an agreement with ACE, Ltd, a Bermuda-based holding company that trades on the New York Stock Exchange, and its United States subsidiaries to resolve allegations of bid-rigging and improper "finite reinsurance" transactions.

 

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Busted by the Camera-Phone, ACE's Toe-Tapping Lawyer

July 30, 2010 - In a Florida case,  ACE's lead lawyer Kenneth Engerrand, with ACE in-house counsel John Roth observing, was recently caught "tapping" the foot of an ACE employee witness apparently to "coach" her sworn deposition testimony. The witness was an ACE claims adjuster involved in a large marine claim stemming from hurricane Wilma.

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