unfair trade practice News

Judge Approves $73M Sandy Hook Settlement; 4 Carriers Sharing Loss

The cost of a $73 million settlement that gunmaker Remington Arms agreed to pay to families of victims of the Sandy Hook massacre will fall on four insurers. Ironshore, a Liberty Mutual subsidiary; James River Insurance Co., ACE (now Chubb), …

Insurer Ordered to Pay $20M to Connecticut Auto Body Shops

A Connecticut judge has ordered The Hartford insurance company to pay $20 million to auto body shops for an unfair trade practice related to hourly labor rates for vehicle repairs. The decision last week by Stamford Superior Court Judge Alfred …