$72 MILLION DOLLAR Insurance Settlement with The Hartford approved by Federal Judge
A federal judge has given preliminary approval to a settlement under which The Hartford Financial Services Group Inc. will pay $72.5 million to more than 21,000 people nationwide who alleged the insurer engaged in fraud in settling their injury claims. The U.S. District Court judge approved the agreement last week to resolve the class action lawsuit.
The settlement, expected to receive final approval in September, came after extensive mediation and five years of litigation. The trial was scheduled to start in September.
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