Violation Tracker Individual Record
Company:
Liberty Mutual Insurance Co.
Current Parent Company:
Liberty Mutual Insurance
Penalty:
$2,000,000
Year:
2010
Date:
December 30, 2010
Offense Group:
competition-related offenses
Primary Offense:
kickbacks and bribery
Violation Description:
Liberty Mutual Insurance Co. agreed to pay $2 million to settle allegations it paid secret commissions to insurance brokers for preferential access to clients.
Level of Government:
state
Action Type:
agency action
Agency:
Connecticut Attorney General
Civil or Criminal Case:
civil
Facility State:
Connecticut
HQ Country of Parent:
USA
HQ State of Parent:
Massachusetts
Ownership Structure of Parent:
mutual
Major Industry of Parent:
financial services
Specific Industry of Parent:
insurance
Source Notes:
If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Parent company note:
Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.
