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Major insurers accused of conspiracy to reduce liability coverage
Seven states filed suits in San Francisco naming 32 insurers including Hartford Fire Allstate Cigna and Aetna. They allege a 1984 coordinated boycott with Lloyd's of London to curb broad occurrence liability and end standard forms, triggering higher costs and service cuts by cities and nonprofits. California joins with others seeking reform of the Insurance Services Office and data disclosure.
MENTIONED IN THIS ARTICLE
San Francisco
U.S
California
New York
West Virginia
Wisconsin
Minnesota
Massachusetts
Alabama
Loyd’s of
London
Mattox
Austin
Robert Abrams
Aetna Lifer and Casualty Co
Insurance Services Office
Hartford Fire Insurance Co
Allstate Insurance Co
Cigna Corp
Aetna
Lloyd's of London
John van de Kamp
van de Kamp
Insurance Services
Dave Ostwald
New York City