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Welcome
to the Gallagher Insurance Brokerage Antitrust Settlement Website
IMPORTANT DATES & DEADLINES
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| Class Period: |
August 26, 1994 through
December 31, 2005
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Request Exclusion:
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This deadline has passed |
File an Objection:
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This deadline has passed |
Submit Claim Form:
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This deadline has passed |
Hearing Date:
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July 24, 2007 |
Appeal Oral Argument Hearing:
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April 20, 2009 |
Response to Deficiency Letter:
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This deadline has passed |
Expected Distribution Date:
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June 2012 |
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This website provides general information on a class action
settlement that affects the rights of all persons who engaged the services of
Arthur J. Gallagher & Co. (“Gallagher”) or any other Broker Defendant (described in the Complaint) in
connection with the purchase or renewal of insurance or reinsurance from any
insurers during the period from August 26, 1994 through December 31, 2005,
inclusive.
In 2007, a settlement was reached between the Plaintiffs and Gallagher (the
“Gallagher Settlement”). On September 8, 2009, the appellate court affirmed
the order approving the Gallagher Settlement.
The Gallagher Settlement, resolved claims that Gallagher, the Broker
Defendants and the Insurer Defendants (described in the Complaint) violated federal and state antitrust
laws, the Racketeer Influenced and Corrupt Organizations Act, and common law
through (i) practices by which the Insurer Defendants in connection with the
placement and renewal of insurance contracts and (ii) contracts, agreements,
arrangements and understandings about the payment of commissions that are
contingent upon, among other things, Gallagher and the Broker Defendants
placing a particular number of policies or dollar value of premium with the
Insurer Defendants.
Gallagher denied the allegations and denies any and all
liability, but agreed to a cash Settlement of $28 million dollars, plus
interest.
Gallagher also agreed to pay all of the costs associated with implementing
and administering the Gallagher Settlement including the cost of disseminating
notice to Settlement Class Members. In addition to the monetary benefit
provided by the Gallagher Settlement, Gallagher has adopted or has agreed to
adopt certain business reforms.
Settlement
Administrator
Gallagher Insurance Brokerage Antitrust Settlement
c/o Rust Consulting, Inc.
P.O. Box 2724
Faribault, MN 55021-9724
Phone Toll-Free: (866) 459-3650
Email: gallagheradmin@completeclaimsolutions.com
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The proceeds of the Gallagher Settlement could not be distributed
until the judgment approving the Gallagher Settlement became final and the claims
administration process was completed.
The Settlement funds from the Gallagher Settlement will be
distributed in June of 2012.
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