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The suit names former Marsh execs Hanrahan and Andrews as defendants. -
The conference came at a particularly tumultuous time for the US insurance industry and the economy at large.
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AIG, HDI Global and others have settled. Chubb’s fight continues.
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The impact could also raise home-building costs by $10,000 per unit.
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The Lone Star State has seen rapidly increasing rates in recent years.
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A first-of-its-kind resolution adopted this week says subrogation can reduce insurance costs.
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Marsh alleges Aon also went after its clients as well as its employees.
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The law imposes limits on third-party litigation funding, among other changes.
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The suit seeks to block insurers from passing through assessment costs.
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The release followed the filing of an updated Plan of Operation.
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The suit alleges a “deliberate scheme” to deny smoke damage claims.
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The larger awards over the past two years could serve as an anchor for future verdicts.
