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ACE Paying $4.5M In 8-State Bid-Rig Settlement

Oregon Attorney General Hardy Myers on Thursday put out a statement concerning the agreement to settle state antitrust claims that involved improper, fictitious quoting and steering of insurance busin

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Bermuda-based ACE and its insurance subsidiaries have settled multistate bid-rigging accusations by agreeing to pay $4.5 million, it was announced.

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