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Chubb Settles Mass. AG's Kickback Suit

Law360 (February 25, 2009, 12:00 AM EST) -- Insurance company Chubb Corp. has reached a $240,000 settlement with Massachusetts Attorney General Martha Coakley over allegations that it improperly compensated William Gallagher Associates Insurance Brokers Inc. for steering business to Chubb.

Under the settlement, filed Tuesday in Suffolk Superior Court in Massachusetts, Chubb will pay $182,815 to WGA customers allegedly harmed by Chubb, and $56,196 to the state of Massachusetts. Chubb has also agreed to a number of business practice reforms.

“We are pleased that Chubb cooperated during our investigation of WGA and that it...
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