On the heels of the $171 million multi-state settlement agreement reached last week, on Monday March 27 it was announced that Zurich Financial Services Group has reached a $153 million settlement with the attorneys general of New York, Connecticut and Illinois to settle charges relating to bid-rigging an account steering charges initiated by New York authorities. In addition, Zurich has reached a parallel settlement with the New York insurance department.

Zurich Reaches $153 Million Pact With Spitzer, Others (Business Insurance 3/27/06)

Zurich Settles with Conn., Ill. And NY Officials for $153 Million (Insurance Journal 3/27/06)

March 28, 2006