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Judge Tentatively Okays $72M Settlement for Hartford's Insurance Claims Payout

Source: Hartford Courant

Posted on 16 Jun 2010

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A judge tentatively approves a settlement which calls for The Hartford Financial Services Group Inc. to pay $72.5 million to about 21,000 people nationwide who sued saying they were short-changed for injury claims.

The plaintiffs alleged The Hartford engaged in fraudulent settlement practices by deducting up to 15 percent of the value of their settlements for undisclosed costs.

The Hartford said the claimants received what they were promised and did not admit any fraud. It said the company settled to avoid the uncertainty and cost of continued litigation.