R.C. Knox & Co. insurance brokerage has paid Connecticut more than $750,000 to settle allegations the firm placed coverage for state agencies while accepting hidden fees from insurers, officials said.
The agreement with the Hartford, Conn.-based company was announced last week by Connecticut Attorney General Richard Blumenthal.
According to Mr. Blumenthal, the broker accepted undisclosed contingent commissions in placing state insurance business while assuring officials there was no other compensation involved.
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