Attorney General Announces Liberty Mutual Will Pay State $2 Million For Alleged Bid-Rigging And Secret Kickback Scheme
/ 29.06.2018 / 16:34
Attorney General Richard Blumenthal today announced that Liberty Mutual Insurance Company will pay Connecticut $2 million to settle allegations it conspired with brokers to rig insurance bids and that it paid insurance brokers secret kickbacks for preferential treatment.
Aon Corporation Agrees to Pay a $1.76 Million Criminal Penalty to Resolve Violations of the Foreign Corrupt Practices Act
/ 20.12.2011 / 14:24
WASHINGTON – Aon Corporation, a publicly traded corporation headquartered in Chicago and one of the largest insurance brokerage firms in the world, has entered into an agreement with the Department of Justice to pay a $1.76 million penalty to resolve violations of the Foreign Corrupt Practices Act (FCPA), announced Assistant Attorney General Lanny A. Breuer of the Criminal Division.
Aon Settles Corruption Probe with 3 States for $190 Million; Complaint Cites Involvement of Top Execs
/ 23.06.2018 / 13:58
New York Attorney General Eliot Spitzer and Acting New York State Insurance Superintendent Howard Mills, together with Connecticut Attorney General Richard Blumenthal, Illinois Attorney General Lisa Madigan and Illinois Acting Director of Insurance Deirdre Manna, today announced an agreement with the nation’s second largest insurance brokerage to resolve allegations of fraud and anti-competitive practices.
Another Class Action Lawsuit Filed Against Aon
/ 29.06.2018 / 23:51
The New York law firm of Wechsler Harwood Halebian & Feffer announced that it has filed a class action lawsuit in Federal Court in Illinois on behalf of shareholders against Aon Corp., following revelations of misstatements in the company's earnings reports.
Gallagher Takes Action against Nation’s Largest Broker for Bid Rigging and Pay-to-play Schemes
/ 14.03.2006 / 14:08
TALLAHASSEE—Tom Gallagher, Florida's chief financial officer, today filed suit against the nation's largest insurance broker, Marsh & McLennan, and its affiliates for bid rigging and illegally steering their clients to certain insurers in exchange for improper commissions. Today's action is based on a joint investigation by the Department of Financial Services, Office of Insurance Regulation and the Attorney General's Office.
Connecticut AG Sues Marsh, Ace Financial in Broker Commission Case
/ 21.01.2005 / 14:03
Connecticut Attorney General Richard Blumenthal on Friday sued insurance broker Marsh & McLennan Inc., and insurance provider ACE Financial Solutions Inc., for a scheme in which ACE reportedly paid Marsh a secret $50,000 commission to steer an $80 million state contract to the company.
Britain investigates five insurance brokers over aviation business
/ 21.04.2017 / 14:20
LONDON, April 21 (Reuters) - Britain’s financial watchdog is investigating five insurance brokers over information-sharing on aviation insurance, the companies said, in one of the first cases of its kind by the watchdog.
European Commission takes over aviation broking probe
/ 27.10.2017 / 14:22
The European Commission said Friday that is has taken over the probe begun by British authorities of several top insurance brokers for allegedly sharing competitively sensitive information within the aviation and insurance sectors.