Illinois Files Bid-Rigging Suit Against Liberty Mutual

Law360, New York (July 7, 2006, 12:00 AM EDT) -- Insurance company Liberty Mutual Insurance Co. has once again found itself in hot water over alleged bid-rigging, this time as the subject of a suit filed by Illinois Attorney General Lisa Madigan.

The suit, filed in Cook County Circuit Court, claims that Liberty and seven other companies have engaged in bid-rigging by paying commissions to insurance brokers who steer clients to the insurer.

“It is of great concern that one of the country’s largest insurance companies would rig bids and induce brokers and agents to breach...
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