Three states have ended their investigation of Brown & Brown's contingency fee program with no action taken, the company reported.
In a Securities and Exchange Commission filing, the Daytona Beach, Fla.-based insurance broker said insurance regulators in Arizona, Virginia and Washington have ended their investigations of Brown & Brown's offices in those states. The filing said no action was taken.
The broker received requests for information from insurance offices in Arkansas, California, Florida, Nevada, New Hampshire, New Jersey, North Carolina, Oklahoma, Pennsylvania, South Carolina, Texas, and Vermont. Attorney's general in Connecticut, Florida, Illinois, New York, North Carolina and West Virginia have also either requested information or sent subpoenas.
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