A federal judge in Newark, N.J., has approved a $41 million settlement in class litigation alleging price rigging by dozens of industry-leading insurance carriers and brokers, bringing to $259 million the total payments so far.
The settlement, approved March 30 by U.S. District Judge Claire Cecchi, is the fourth in the action and resolves claims against 11 defendants, including AIG Inc., Aon Corp., Hartford Fire Ins. Co., Liberty Mutual and Travelers Cos.
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