NU Online News Service, Oct. 28, 3:03 p.m. EDT
Connecticut officials say they reached a $1.7 million settlement with a Boston-based insurance broker over allegations that the broker failed to provide proper information to its customers about commissions and overcharged them in the process.
Connecticut Insurance Commissioner Thomas B. Leonardi and Attorney General George Jepsen say William Gallagher Associates, Inc., (WGA) overcharged Milford Power Company, LLC, millions of dollars over several years, violating the state's Unfair Insurance Practices Act and Unfair Trade Practices Act in its dealings.
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