Antitrust

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In a press release dated January 29, 2008, Texas Attorney General Greg Abbott announced the settlement of a bid-rigging investigation involving American International Group Inc.   Click here to review the press release, petition and final judgment with AIG.  The press release states that the agreement was spearheaded by Texas Attorney General Abbott’s Antitrust Division.

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Read More Texas Attorney General Settles Bid-Rigging Charges With Insurance Carrier

In a press release dated January 4, 2008, Massachusetts Attorney General Martha Coakley’s Office reported that it filed a complaint in Suffolk Superior Court against Ohio-based insurer Great American Insurance Group (“Great American”). 

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Read More Massachusetts Attorney General Files Complaint Against Insurer Alleging Bid Rigging

On November 8, 2007, Louisiana Attorney General Charles C. Foti, Jr. announced that his office filed a petition in New Orleans Civil District Court suit against Allstate Insurance Company, Lafayette Insurance Company, Xactware, Inc., Marshall & Swift/Boeckh, LLC, Insurance Services Office, Inc., State Farm Fire and Casualty Company, USAA Casualty Insurance Company, Farmers Insurance Exchange, Standard Fire Insurance Company and McKinsey & Company for alleged violations of the Louisiana Monopolies Act. …
Read More Louisiana AG Files State Antitrust Suit Against Insurers

On October 26, 2007, Oregon AG Hardy Myers announced a settlement with ACE Group Holdings, Inc. and its subsidiaries (“ACE”) over allegations of improper, fictitious quoting and steering of insurance businesses.  The AG filed a stipulated judgment in Marion County State Circuit Court, in which ACE agreed to pay $4.5 million to a group of eight Attorneys General in settlement of their antitrust claims with no admission that ACE violated any laws. …
Read More Oregon Attorney General Settles State Antitrust Claims with Insurer

On October 12, 2007, Caterpillar filed suit (the “Complaint”) against Aon Corporation, Aon Risk Services, Inc. of Illinois, and Aon Re Global, Inc. (“Aon”) in the United States District Court for the Central District of Illinois. …
Read More Caterpillar Sues Aon Alleging Violations of Federal and State Antitrust Laws

On October 16, 2007, the Florida Office of Insurance Regulation (“FLOIR”) issued a subpoena to several Allstate entities requesting that  they appear before the FLOIR to give testimony and produce documents concerning their reinsurance program, their relationships to risk modeling companies, insurance rating organizations or companies and insurance trade associations.  The subpoena calls for the testimony to take place on January 15-16, 2008. 

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Read More Florida Issues Subpoena to Insurer in Investigation into Whether Federal and State Antitrust Laws are Being Broken

We recently reported on Chief Judge Brown’s decision to dismiss the federal RICO Claims in the Insurance Brokerage Antitrust case pending in district court in New Jersey.  As we discussed here, Judge Brown held that the plaintiffs had failed to satisfy Rule 8’s pleading standard. 

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Read More Plaintiffs Appeal Dismissal of Federal RICO Claims in Insurance Brokerage Antitrust Case

On October 9, the Connecticut Attorney General (the “CT AG”) filed a Complaint against Guy Carpenter and Excess Reinsurance Inc.  The Complaint is 107 pages long and contains numerous highly-disputed allegations about the structure of the reinsurance markets over the last fifty years as well as hotly contested claims about the activities of the participants in certain reinsurance facilities. 

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Read More Connecticut AG Files Complaint against Guy Carpenter and Excess Re – Direct Summary

On September 24, 2007, the Hon. Judge Kenneth Stern issued an Order denying defendants’ (insurance brokers and insurers) motion to dismiss an insured’s second amended complaint (the “Complaint”). 

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Read More Florida State Court Denies Defendant Insurance Brokers’ and Insurers’ Motions to Dismiss Insured’s Complaint Alleging Anticompetitive Behavior Finding, In Part, That McCarran-Ferguson Act Does Not Bar Claim

In a 73-page exhaustive treatment of RICO pleading standards, Chief Judge Brown of the District of New Jersey dismissed with prejudice the federal RICO claims levied by putative class plaintiffs against most of the nation’s large insurers and insurance brokers. 

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Read More Judge Dismisses Federal RICO Claims in Insurance Brokerage Antitrust Case