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

Evan Greenberg

Illinois Attorney General: Madigan: Settlement Reached with the Hartford; Investigation Uncovered Unlawful Fictitious Quoting Scheme - Press Release

July 23, 2007


Illinois to Receive $3 Million Payment

Chicago – Illinois Attorney General Lisa Madigan, New York Attorney General Andrew Cuomo and Connecticut Attorney General Richard Blumenthal today announced a $115 million settlement agreement with one of the nation's largest property and casualty insurers over charges of improper fictitious quoting, steering of insurance business and allowance of improper market-timing in variable annuity products.

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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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