Zurich American Insurance Co. will refund Florida customers to settle bid-rigging and price-fixing allegations, under a nine-state $170 million settlement agreement announced today.
The Florida refunds will be paid to businesses, non-profit organizations and governmental entities that were victimized, the state Chief Financial Officer Tom Gallagher said.
Florida was part of a multi-state coalition that accused Zurich American of paying undisclosed contingent commissions to insurance brokers and conspiring with certain insurance brokers in a "pay-to-play" scheme to overcharge customers for ...
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