NU Online News Service, Oct. 22, 3:49 p.m. EDT

Connecticut Attorney General Richard Blumenthal announced that The Hartford Financial Services Group, Inc. has settled reinsurance price fixing allegations for $1.3 million.

In a statement today, the attorney general said the company resolved claims that it participated "in several anticompetitive schemes that illegally inflated insurance and reinsurance costs nationwide."

Continue Reading for Free

Register and gain access to:

  • Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
  • Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.