NU Online News Service, April 22, 3:31 p.m.EDT
Although none of its clients were harmed financially, Acordiainsurance brokerage should pay a penalty for failing to tell themit had a special compensation arrangement with certain carriers, ajudge has ruled.
Connecticut Superior Court Judge Kevin G. Dubay, in Middletown,ruled Monday after a non-jury civil trial, that Acordia, now WellsFargo Insurance, was guilty of deceptive trade practices for notdisclosing to its clients an agreement it had with five insurers.The case was brought by Connecticut Attorney General RichardBlumenthal
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.