A federal judge has dismissed part of a class action suit brought against insurance brokers and carriers that claimed the industry conspired to control the insurance market.
U.S. District Court Chief Judge Garrett E. Brown Jr. in Newark, N.J., on Friday tossed out claims by over three dozen commercial lines clients that insurance brokers conspired to control and allocate customers between them. The suit also alleges insurers participated in the scheme.
"Plaintiffs have not shown that the insurer defendants colluded among themselves in the broker-centered conspiracies, and thus it is improbable that they colluded to further this global agreement as well," the judge wrote in his opinion.
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