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

Press Release

ACE Limited Sued Policyholder to Deny Insurance Coverage for BP Oil Spill

Like us on facebook!

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.

Like us on facebook!

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.

 

Like us on facebook!

New York State Insurance Department: Zurich Settles Bid Rigging Probe - Press Release

Issued 3/27/2006

 

ZURICH SETTLES BID-RIGGING PROBE:

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

 

Like us on facebook!

Syndicate content