Erie Indemnity Facing Claims It Bilked Exchange Of $300M

Law360, Chicago (August 23, 2012, 3:56 PM EDT) -- Erie Indemnity Co. removed to Pennsylvania federal court on Wednesday what it says is a putative class action brought by members of an unincorporated insurance exchange alleging it snatched more than $300 million from the exchange by improperly retaining fees and other charges.

Although the suit four members of Erie Insurance Exchange brought in state court Aug. 1 is not labeled a class action, Erie Indemnity told the federal court it should be treated as one because the plaintiffs are bringing their claims on behalf of...
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