Illinois Attorney General Lisa Madigan has joined the New York and Connecticut attorneys general in suing Liberty Mutual, alleging the Boston-based insurer engaged in bid-rigging and steering of insurance contracts.
The suit, filed in Cook County Circuit Court last Thursday, alleges that Liberty Mutual and seven affiliates violated the state's consumer fraud and deceptive business practices act by paying undisclosed contingent commissions to insurance brokers and agents.
Ms. Madigan's complaint also accuses the carrier of making those payments to influence the brokers and agents to steer clients to the insurer.
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