Yuma County, Arizona, will receive nearly $20,000 as its share of an $850 million class-action settlement with MMC Inc., a global insurance brokerage firm that was at the heart of an insurance scandal last year.
The Board of Supervisors voted unanimously this week to accept the $19,991.66.
Deputy County Attorney Robert Pickels said the money from the settlement will go into the county’s general fund.
MMC Inc. has declined to comment, saying it doesn’t comment on cases that are in litigation.
The county in 2003 awarded the company a three-year contract for $42,000 to handle the county’s insurance policy purchases. That contract will be up for bid next year.
Copyright 2005 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
Topics Lawsuits
Was this article valuable?
Here are more articles you may enjoy.
US Court Reinstates ‘Sunday Ticket’ Class Action Verdict Against NFL 
AIG Steps Back from NPW Growth Target on Pressure in Some Lines 
Florida Appeals Court Bars Release of ‘Trade Secret’ Info in Heritage Claims Litigation 
AIG’s General Insurance Q3 Underwriting Income Down 29% 
