ACE subsidiaries settle class action for $14 m

By David Marchant

20 years ago

Topics

Keywords

ACE American Insurance ACE Ltd. ACE P&C Bankers Standard Insurance Bermuda Insurance Market

CIGNA Insurance CIGNA P&C Highland Tank and Manufacturing Company Joseph Roda Pacific Employers Insurance RodaNast PC

[ 6 more... ] [ top 5 ]

Four subsidiaries of ACE Ltd. have agreed to pay $14 million to settle a class action lawsuit filed in the United States on behalf of 900 firms that bought 1,100 workers’ compensation policies from 1997 to 1999.A settlement was announced on July 28, 2004 by lead class attorney Joseph Roda, of RodaNast P. C., and came after four years of litigation and on the eve of trial.

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