California Court: Installment Fee Doesn't Violate Competition Law

SAN DIEGO - An insurance company's fee for installment payments is a separate benefit from the premium for insurance coverage and is not unlawful, unfair or fraudulent under the California unfair competition law (UCL), a state appeals court panel held Dec. 13 (In re Insurance Installment Fee Cases...

Federal Judge Approves $10.5M Settlement In Price-Fixing Suit Against Insurers, Brokers

TRENTON, N.J. - The New Jersey federal judge overseeing the insurance brokerage antitrust multidistrict litigation on Aug. 1 approved a $10.5 million settlement between insurance companies and policyholders who accused the insurers of conspiring with insurance brokers in a price-fixing scheme to inflate...