Basic Search  |  Summaries  |  Advanced Search

Violation Tracker Individual Record

Company: Zurich American Insurance Company
Current Parent Company: Zurich Insurance
Penalty: $7,000,000
Year: 2006
Date: October 25, 2006
Offense Group: competition-related offenses
Primary Offense: price-fixing or anti-competitive practices
Violation Description: The Ohio Attorney General and the Ohio Department of Insurance reached a settlement with Zurich American Insurance Company resolving allegations that the company conspired with other insurers and insurance broker Marsh & McLennan to eliminate competition, mislead customers and inflate premiums paid for commercial casualty insurance policies in Ohio, all violations of Ohio's antitrust and insurance laws.
Level of Government: state
Action Type: agency action
Agency: Ohio Attorney General
Civil or Criminal Case: civil
Facility State: Ohio
HQ Country of Current Parent: Switzerland
Ownership Structure of Current Parent: publicly traded
Major Industry of Current Parent: financial services
Specific Industry of Current Parent: insurance
Source of Data: Ohio Enters Into $7 Million Settlement With Insurance Firm, US States News, October 25, 2006 (via Nexis).
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.