Texas AG Settles $2.1M Antitrust Case with Allied World Assurance

April 13, 2007

  • April 13, 2007 at 2:19 am
    RM says:
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    $2.1M is peanuts. Allied \”1\” AG \”0\”

  • April 13, 2007 at 4:28 am
    Mike says:
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    It\’s ashame that the various state governments are only interested in pocketing money, instead of prosecuting
    all of the people who cheated the insureds

    I guess the ethics in our business are
    just a lot of hot air talk..
    As they say, \”Money talks and BS (ethics in this case) walks\”

    This is a sad statement about our industry!

  • April 21, 2007 at 7:12 am
    MIke says:
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    Ron..It\’s unfortunate that you know even less about life, then about insurance.

    There is nothing like a good jail term to deter criminals, insurance criminals or not, from doing them again.

    Plus, this has the added benefit of sending the message that if you commit fraud, as these individuals did, that you will be personally accountable and punished.

  • April 21, 2007 at 6:07 am
    Ron says:
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    Well, then you know very little about insurance and its regulations. The fines are to deter companies and individuals form violating laws that are designed to protect consumers. These fines are used for various things, enforcements, reparations, damages and the list goes on. Do not get me wrong, individuals need to be held accountable for their actions and prosocuted to the full extend of the law, and they are.



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