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U.S. 3rd Circuit Restores Key Elements of Bid-Rigging Suits

Monday, August 23, 2010 | 0

By Michael Whiteley, Eastern Bureau ChiefThe U.S. 3rd Circuit Court of Appeals has ordered a federal district court in New Jersey to take a second look at allegations that insurance brokers, the Council of Insurance Agents & Brokers (CIAB) and dozens of the nation's largest carriers violated federal racketeering and anti-trust laws in a pattern of bid-rigging designed to ensure incumbent carriers retained their business.But the Philadelphia-based appellate court narrowed the scope of the dispute to one specific area: excess casualty coverage. In a 200-page opinion issued Aug. 16, the c...

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