Liberty Mutual Settles Kickback Claims For $7.5M
The Boston-based insurer will pay $5.5 million to the state of New York and $2 million to Connecticut to settle the allegations.
Former Connecticut Attorney General Richard Blumenthal announced the $2 million settlement Thursday. In a 2006 lawsuit, Blumenthal alleged that the insurer paid so-called contingent commissions, or undisclosed kickbacks, to insurance brokers in exchange for those brokers purchasing insurance contracts from...
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