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The giant broker claimed that Aon’s complaint contradicts its own defenses in the antitrust case against the US DoJ last summer. -
The agreement ends non-solicitation action against the team of brokers, led by Cameron Roe and chairman Tony Phillips.
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The stipulation will end the case, as all the parties requested a dismissal with prejudice.
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In the new lawsuit, Aon gives details of the only two Marsh subsidiaries involved in the complaint, Marsh USA and Marsh & McLennan Agency, also known in the case as MMA.
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The deductibles bill passed by the Senate and signed into law during the summer has raised concerns among underwriters and brokers.
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Markel reported that investigations by the DoJ and SEC have concluded with no penalties or action taken against the company.
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Panelists at Inside P&C’s North America virtual conference said rate increases needed to be followed by enforced terms and conditions as verdicts and settlements increased in courts.
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With hundreds of coronavirus-related BI suits working through state and federal courts, insurers still face a multi-billion-dollar challenge to keep judges and juries ruling in their favor.
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The bankruptcy plan, approved by a federal judge on September 1, generated controversy because it shielded members of the Sackler family from further opioid lawsuits.
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Powerhouse Hollywood talent agency CAA asks an LA court to force a higher payout for Covid losses from Affiliated FM Insurance.
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The TCC has been appointed by the office of the US Trustee as the official representative for the estimated 82,5000 survivors of childhood sexual abuse related to BSA activities.
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The figure is an increase from the original $650mn settlement agreed to in April.
