Florida officials announced today that Brown & Brown, Inc.has agreed to reimburse up to 400 cities, counties and publicentities in Florida with approximately $5.8 million for collectingundisclosed brokerage fees or commissions.
They said the hidden fees were paid to the Daytona Beach,Fla.-based company for placing various types of business withinsurance companies for a range of groups that included the FloridaDepartment of Law Enforcement and Broward County SheriffsDepartment.
B&B, in the settlement, neither admitted nor accepted anyfinding of wrongdoing, but agreed not to engage in bid-rigging inexchange for payments from carriers.
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