Connecticut Attorneys

Connecticut Attorneys

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Attorney General Lisa Madigan, New York Attorney General Eliot Spitzer and Connecticut Attorney General Richard Blumenthal today announced an $80 million settlement agreement with Bermuda-based holding company ACE, Limited, and its U.S.-based insurance subsidiaries for engaging in bid-rigging, steering of insurance business and accounting misconduct. Under the agreement, ACE also will pay $40 million in penalties and payments to the three states, including $8 million to Illinois. Under the agreement, ACE has agreed to provide new disclosures about ranges of compensation paid to brokers and agents by insurance products on a special Web site later this year. Under the agreement,

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